Assuming that Bitcoin will break into a new ATH to FTX US in 2022 and Bitstamp USA would like to offer its customers securities trading products. Here are some highlights from the crypto market.
According to Guido Bühler, Chief Executive Officer of the Swiss SEBA Bank, Bitcoin will set a new ATH in 2022.
In addition, the digital bank raised $ 120 million in a Series C investment round jointly led by DeFi Technologies and Alameda Research. The organization claims to use the funds to expand into new markets worldwide and strengthen its product offerings.
In interview Recently, Bühler, head of the banking platform SEBA Bank in Switzerland, told CNBC that Bitcoin’s USD value could almost double this year, according to the company’s estimates. Specifically, the organization has estimated the value of Bitcoin to be between $ 50,000 and $ 75,000.
Bühler believes that BTC’s new ATH levels will be the result of growing interest from institutional investors. Institutional cash flow is likely to drive prices higher, he said.
Pascal Gauthier, Ledger’s chief executive officer, made the same decision. In his view, investors have increasing confidence in Bitcoin and they will help keep the price of BTC rising.
The London Hard Fork introduced a mechanism to burn gas fees in August, since then the amount of ETH burned has hit a record high, apparently related to the expansion of DeFi platforms and NFT trading.
Amount of ETH burned per day | Source: WatchtheBurn
In fact, a new record was set on January 10th, according to statistics from the Watch the Burn portal, a total of 19,424 ETH were burned in one day. It is noteworthy that the previous ATH was over 16,000 ETH and was reached in mid-October 2021.
According to Santiment data, whale addresses with 10,000 to 1 million LTC have accumulated 5% of total supply in the past 4 months. On-chain analysts note that this accumulation chain is the longest since 2017, while pointing to growth signals for LTC.
️ #Litecoin shows some signs of life, by approx. + 5% compared to $ BTC in the last 2 days. Whale addresses with 10k to 1m $ LTC are in a 15-week accumulation pattern, which is the longest since 2017 $ LTCDelivery in just 15 weeks. https://t.co/76OWL8t3Al pic.twitter.com/nOspXIoPzw
– Santiment (@santimentfeed) January 12, 2022
Litecoin has steadily fallen from its high of $ 302 on November 10th. The decline took LTC to a low of $ 131.5 on January 10th and began a slight rebound thereafter. The month-long drop in prices resulted in whales piling up LTC.
Binance Coin is on its way to recovering from its drop in prices earlier this month. The long-term trend is pointing downwards, but purchasing power has increased significantly in the last few days.
$ 510 is the key level with the $ 500 area providing strong support for the past six weeks. It is likely that Binance Coin will test this level soon, but it remains unclear whether the price has any incentive to break it.
BNB price chart | Source: TradingView
The $ 413 and $ 417 levels are horizontal supports, with $ 413 being the 61.8% Fibonacci retracement level of the wave from $ 254.5 to $ 669.3. The 61.8% to 78.6% retracement areas are where the pullbacks tend to reverse.
The price can rise from USD 415 to USD 455 within one day and move USD 455 (blue box) from the supply to the demand zone. The move also disrupted the short-term market structure as prices hit higher highs.
BNB then rose further to test the USD 486 resistance, failed to break that level all at once and formed a descending, expanding wedge (white). This pattern signaled a continuation of the BNB’s uptrend and the price broke above the upper zone of the pattern.
The $ 510 level is a 38.2% retracement and the $ 505-515 zone has been a strong support since mid-November.
At the moment dynamism and demand are increasing, which means that the price is increasing. It looks like the market will hit the $ 510 level, consolidate below the resistance, and then come back on the upside. However, to break through $ 510, the market needs Bitcoin to grow higher.
One of the most ambitious cross-chain bridges on the market has just closed a $ 2 million round of funding and plans to use that funding to bring even more networks to its service.
In the press release, Allbridge said the round was led by Race Capital, a $ 100 million VC fund led by Edith Yeung, one of the earliest investors in Solana. The $ 250,000 investment in Solana that Yeung made in 2018 is now worth over $ 1 billion, and the VC is now betting big on Allbridge.
🔥 The announcement was presented in @CoinDesk!
🥂 Celebrate our success and dive in:https://t.co/wKzShju347
– Allbridge (@Allbridge_io) January 13, 2022
Chris McCann, partner at Race Capital, believes Allbridge has the potential to be at the center of the multi-chain world, connecting all blockchain ecosystems together.
News FTX and Bitstamp
FTX US and Bitstamp USA want to offer their customers stock trading products in direct competition with Robinhood and eToro.
Cryptocurrency exchanges are trying to expand their market and it seems that the blockchain space is no longer enough. Now, FTX and Bitstamp’s U.S. subsidiaries could begin providing support so customers can trade stocks.
Follow report by Bloomberg, both exchanges refine the details to enter the world of traditional finance. If their plans bear fruit, both FTX and Bitstamp will offer services that are so diverse that clients can centralize a significant portion of their assets under the supervision of the exchange.
The NFT marketplace platform OpenSea is also impressing in the new year with increasing acceptance and trading figures.
The NFT giant has reached a new milestone in terms of the number of active users on the platform.
Data from Dune Analytics as of January 13, 2022 shows that OpenSea has now exceeded 1 million active user wallets on the platform.
OpenSea has over 1 million active user wallets | Source: Dune Analytics
This milestone is the latest sign of OpenSea’s continued growth in the early days of 2022 after scaling last year.
MonkeyBall has started selling NFT MonkeyBall Gen Zero Monkeys.
MonkeyBall has launched a program to sell NFTs for 250 Gen Zero Monkeys. On sale until January 15th at 9:00 p.m. Synthetic Team time. Users can purchase Gen Zero Monkey through “WhiterList” sales.
TODAY at 14:00 UTC the ‘WhiterList’ sale of 250 Gen Zero Monkeys starts for ONLY 48 hours!
⚡️🐵 Jan. 13-15 2 p.m. UTC🐵⚡️
If you don’t have a Gen Zero Monkey. NOW. IS. YOUR. CHANCE!
Will. On. The. MonkeyTrain. NOW!
– MonkeyBall (@monkeyballgame) January 13, 2022
MonkeyBall is the next generation esports metaverse that enables players to create, play, compete and earn.
Thailand has now accepted cryptocurrency mining with transparent guidelines.
After China banned cryptocurrencies, a number of other countries have become hot spots for miners, including Thailand. According to the report, Thailand has accepted cryptocurrency miners because it recognizes the industry’s economic growth potential.
The capital Bangkok has seen a large concentration of cryptocurrency miners. In 2021, many Chinese mining companies will set up their headquarters in Thailand.
– Kryptopolitan (@CPOfficialtx) January 13, 2022
80% of billionaire Mark Cuban’s new investments are in cryptocurrencies
Mark Cuban said he was not focusing on price speculation but rather comparing crypto to a “game” similar to stocks.
Speaking to comedian and former Daily Show host Stewart on Thursday’s podcast, Cuban to explain Some basics of the crypto space for Stewart, who describes it as “decentralized and trustworthy” with the owners having “equal votes” to determine the direction of each project.
“The investments I’m making are not in traditional business,” said Cuban. 80% of the investments I make are in the crypto market. “
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