Investors Pour $116M Into Bitcoin Investment Products as Crypto Booms

• Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022.
• Bitcoin accounted for nearly all of the weekly inflows, with $116 million of the total.
• Total assets under management (AUM) rose $28 billion, roughly 43% from inflow lows recorded in November.

Record Breaking Investment Flows

Digital asset investment products saw record breaking inflows of about $117 million last week – the biggest since July 2022. Bitcoin accounted for almost all of these weekly inflows, with $116 million out of the total. This resulted in an increase in total assets under management (AUM) by $28 billion, roughly 43% from inflow lows recorded in November.

Inflows Into Bitcoin Products

Bitcoin products saw a majority of last week’s digital asset investment products inflows, with $116 million out of the total. As Bitcoin price rose above $23,000, inflows into Short Bitcoin products represented approximately 4.4 million dollars worth of investments each week. Other cryptocurrencies also experienced investor interest; Ethereum and Solana had inflows totaling to 2.3 and 1.1 million dollars respectively.

Outflows From Multi-Asset Products

Conversely to other cryptocurrencies, multi-asset investment products experienced outflows for their ninth consecutive week; amounting to 6.4 million dollars worth of investments being taken out over this duration period. Binance and XRP also saw minor outflows amounting to 400k and 200k respectively over this same time frame.

Increase In Trading Volumes

Investment product trading volumes increased 17%, amounting to 1.3 billion dollars traded over the past week compared to year-to-date averages; a higher percentage than that seen across the broader crypto market average at 11%. Germany was found to be leading these investments – accounting for 40% or 46 million dollars worth – followed by Canada ($30M), USA ($26M) and Switzerland ($23M).

Conclusion

Overall it is clear that digital asset investment product demand has been on a steady upward trajectory as we enter 2021; investors continue to show strong confidence in cryptocurrencies as instruments for wealth generation and preservation despite various regulatory challenges faced by companies operating within this space .

Bitcoin Price Rally Surprises Investors: Is Further Upside Likely?

• Bitcoin’s rally from December lows after the FTX collapse surprised many investors, according to Glassnode’s weekly report.
• Bitcoin could potentially see further upside, but a fresh buy signal is likely at prices around $28.3k.
• Selling pressure above $23.3k is more likely given short-term holders and miner push for exit liquidity.

Bitcoin prices have been on the rise in recent weeks, pushing the leading cryptocurrency’s value above the psychological $20k level. After a breakout above this mark, Bitcoin is now hovering around $23,000, surprising many investors and raising optimism among bulls. However, as Glassnode has highlighted in its weekly report, this could be a precarious situation due to the potential for exit liquidity from profit booking, particularly from short-term holders and miners who suffered during the brutal bear market of 2022.

On-chain data platform Glassnode has noted that while the market rally has pushed Bitcoin prices above $23k, there is an increased motivation for network participants to take exit liquidity. This is due to the prolonged bear period of 2022, which saw a large number of holders and miners selling off their Bitcoin to avoid further losses. As such, Glassnode has warned that selling pressure above $23.3k is more likely, with a fresh buy signal likely to come at prices around $28.3k.

At the same time, Bitcoin could still see further upside, with Glassnode noting that the leading cryptocurrency is “almost out of the woods” and that several on-chain pricing models have been reclaimed. However, the firm has warned that this could be a short-term rally, as Bitcoin is not yet showing clear signs of a sustainable rise.

Overall, it appears that the current situation is a precarious one, with both bulls and bears looking to capitalize on the situation. With Bitcoin still below its all-time high of over $20k, now may be a good time for investors to assess the risks and rewards of entering the market. As always, caution should be exercised when investing in such volatile assets.

Crypto.com Lays Off 20% of Staff, CRO Token Price Responds Positively

• Crypto.com has announced layoffs of 20% of its staff due to negative economic developments.
• The news follows similar layoffs announced by Coinbase earlier this month.
• The Cronos (CRO) token price has responded positively to the news.

Crypto.com, a prominent cryptocurrency exchange, has today announced that it is laying off some of its staff in order to reduce its global workforce by 20%. The announcement was made by Crypto.com CEO Kris Marszalek, who cited poor market conditions and recent events in the industry as the reasons for the layoffs.

The news comes just days after Coinbase, another leading cryptocurrency exchange, announced similar layoffs. According to sources, Crypto.com has about 3500 to 4500 employees, meaning the 20% layoffs would affect about 700 to 900 employees. The move by Crypto.com follows Huobi’s announcement of layoffs earlier this year and Coinbase’s announcement of layoffs a few days ago.

The laying off of workers sends mixed signals since the crypto market is currently on a recovery trajectory and investors are expecting some positive news. Despite the layoffs, the Crypto.com token (CRO) has responded positively to the news.

The CEO of Crypto.com, Marszalek, addressed the matter in a tweet post, saying: “We grew ambitiously at the start of 2022, building on our incredible momentum and aligning with the trajectory of the broader industry. That trajectory changed rapidly with a confluence of negative economic developments.”

The layoffs by Crypto.com are yet another reminder of the volatile nature of the cryptocurrency market. The layoffs are a necessary step for Crypto.com to cut costs and ensure its sustainability in the current market conditions. It remains to be seen if the layoffs will have any long-term negative effects on Crypto.com.

For now, the signs are positive and the Cronos (CRO) token price has responded positively to the news. It remains to be seen how the crypto market responds to the news of the layoffs in the coming weeks and months.

Metacade: The #1 Web3 Community Hub for Gamers, Developers, Investors, & Crypto Fans

• Metacade is a rising star in the GameFi sector that is set to become the #1 Web3 community hub for gamers, developers, investors, and crypto fanatics.
• The platform offers an unrivalled choice of games with genuine P2E potential, and developers can test and market their games, run competitions, and find new staff.
• Investors and crypto fans can generate income through profitable investment and staking opportunities, making Metacade a more attractive option than Monero.

The cryptocurrency market is constantly evolving and new and exciting projects are entering the market on a daily basis. One of the hottest new projects on the market is Metacade, a rising star in the GameFi sector that is set to become the #1 Web3 community hub for gamers, developers, investors, and crypto fanatics.

Metacade stands out from the competition by offering an unrivalled choice of games with genuine play-to-earn (P2E) potential. This means that gamers can not only enjoy the game, but can also earn real money through their gaming activities. This is a huge draw for gamers, and is helping to drive the popularity of Metacade.

The platform also offers a great opportunity for developers, who can test and market their games, run competitions, and find new staff. This is a great way for developers to get their games out there and generate interest, which is key to the success of any game.

Finally, Metacade also offers investors and crypto fans the chance to generate income through profitable investment and staking opportunities. This is a great way to make money from cryptocurrency, and it is proving to be a much more attractive option than Monero, which has been around for much longer.

In summary, Metacade is a true star of the cryptocurrency market and it is set to become the go-to platform for gamers, developers, investors, and crypto fanatics. The platform offers an unrivalled choice of games with genuine P2E potential, and provides developers with a great platform to test and market their games. Investors and crypto fans can also generate income through the platform, making it a much more attractive option than Monero.

Polkadot Price Plunges 84%, Can It Recover in 2023?

• Polkadot price plunged by more than 84% in 2022, capping its worst year on record
• The decline was caused by both internal and external factors, such as the collapse of FTX and Alameda Research, the collapse of Terra and its ecosystem, and the Fed’s hawkish monetary policy
• Polkadot will only recover if the Fed shifts its tone and its ecosystem rebounds

Polkadot had a tumultuous year in 2022, with its price plunging by more than 84%, capping its worst year on record. The decline of Polkadot’s price was caused by both internal and external factors, such as the collapse of FTX and Alameda Research, the collapse of Terra and its ecosystem, and the Fed’s hawkish monetary policy.

The collapse of FTX and Alameda Research sent shockwaves through the crypto industry, leading to major outflows from exchanges such as Binance and Coinbase. Furthermore, the collapse of Terra and its ecosystem resulted in more than $40 billion in total losses, causing many people to lose faith in cryptocurrencies.

The Federal Reserve’s hawkish monetary policy also had an impact on Polkadot and other cryptocurrencies. The Fed hiked rates by 450 basis points and pointed towards more in 2023, while inflation jumped to a 40-year high.

Internally, Polkadot’s ecosystem was also facing its own challenges. The most significant of these was the de-pegging of Acala Dollar, an algorithmic stablecoin developed by Acala Network. The de-pegging of Acala Dollar was due to the instability of the Polkadot network, which caused volatility in its token prices.

These internal and external factors have caused Polkadot’s price to plunge, and it will only recover if the Fed shifts its tone and its ecosystem rebounds. The Federal Reserve’s monetary policy will remain a key factor in the recovery of Polkadot’s price. If the Fed adopts a more dovish stance and lowers interest rates, this could help to boost the crypto industry and the price of Polkadot.

Meanwhile, Polkadot’s ecosystem must also rebound in order for its price to recover. This means that the Polkadot network must become more stable, and the Acala Dollar must be re-pegged. Furthermore, the development of the Polkadot ecosystem must continue in order to attract more users and increase its utility.

In conclusion, Polkadot’s price will only recover in 2023 if the Fed shifts its tone and its ecosystem rebounds. The crypto industry will be watching closely to see if the Fed adopts a more dovish stance and if Polkadot can stabilize its network and ecosystem. If these conditions are met, then we may see a recovery in Polkadot’s price.

Mirror Protocol Spikes 173% in Final Week of 2020

• Cryptocurrency prices drifted downwards on the final week of the year
• Mirror Protocol (MIR) was one of the best-performing cryptocurrencies in the final week of the year
• The Relative Strength Index (RSI) has moved to the neutral point at 50

The final week of the year came with a bit of a surprise for cryptocurrency traders as the market drifted downwards. Bitcoin dropped to a low of $16,485, while other coins like XRP, ETH and ADA also dropped. Despite the general trend of decline, one coin that performed better than the rest was Mirror Protocol (MIR), which spiked to a high of $0.24, an increase of 173% from its lowest recorded level this year.

Mirror Protocol was an important part of Terra’s ecosystem and used its technology to make it possible for people to buy and sell financial assets in a tokenized manner. For example, users could buy Apple shares in a token form and then trade these tokens on a 24-hour basis. The project went obsolete after the collapse of Terra Protocol and the Terra USD stablecoin.

At the moment, MIR price has moved above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved to the neutral point at 50. This suggests that the coin may remain under pressure in the near term, as sellers target the key support at $0.1225.

As for buying the coin, it is yet to be listed on major exchanges, so the only option for investors is to buy it from other traders on P2P exchanges like LocalBitcoins. For those who are interested in investing in MIR, it is important to do your own research and understand the risks associated with it. Furthermore, it is also important to be aware of the project’s state and any upcoming developments that could affect its price.

Get in Now! Metacade Presale Offers Major Investment Opportunity with MCADE Token

• Metacade’s presale is providing a major investment opportunity with its MCADE token currently at $0.008, and is set to reach $0.02 at the end of the presale.
• The beta phase of the MCADE presale attracted over $1.3 million worth of investment in just four weeks, reflecting the project’s long-term potential.
• Investors looking to get a good deal should get in now before the price rises even further.

Metacade’s presale is offering a major investment opportunity for those interested in the cryptocurrency space. The MCADE token, currently priced at $0.008, is set to reach $0.02 at the end of the presale, giving investors a great chance to get in on the ground floor of a major project.

Metacade is building a GameFi platform that rivals some of the biggest names in the space, and the project’s long-term potential is reflected in the success of its beta phase presale. In just four weeks, over $1.3 million worth of investment was attracted, making it one of the most successful crypto presales of recent times.

For investors looking to get the most out of their investment, the sooner they act the better. With the price of MCADE set to increase over time, getting in now can ensure the highest potential for gains. After the presale ends, the token will be launched on decentralized exchanges (DEXs), allowing investors to trade and benefit from the growth of the project.

So, if you’re looking for a great investment opportunity, don’t miss out on the Metacade presale. Get in now before the price rises even further and reap the rewards when it does.

Investors Warned: Don’t Invest Without Due Diligence

• John Stark, former chief of the SEC office of internet enforcement, joined CNBC’s ‚Squawk Box‘ to discuss the collapse of crypto exchange FTX.
• Sam Bankman-Fried’s statement that „we don’t look at the product, service, etc…we look at whether this is an idea we can pitch to someone“ was raised as an example of the lack of due diligence involved in FTX investments.
• Stark defended the state agencies, pointing out their successes in stopping ICOs, lending programs, and agreements for future tokens.

John Stark, former chief of the SEC office of internet enforcement and president of John Reed Stark Consulting, recently joined CNBC’s ‚Squawk Box‘ to discuss the collapse of crypto exchange FTX. During the segment, host raised the issue of due diligence, more specifically the lack thereof, and asked Stark what can be done about that.

Stark replied by quoting Sam Bankman-Fried himself, who said “we don’t look at the product, service, etc…we look at whether this is an idea we can pitch to someone. If we think this is something we can sell, then we’re all in.” Stark agreed that the model is different, and to him it’s absurd, but noted that these are investors like everyone else. The host then asked which agency should be ashamed that we’re in this situation, where customers have lost their money and have no claims on anything coming out of bankruptcy.

In response, Stark defended the state agencies, pointing out the successes they’ve had in stopping ICOs, lending programs, and agreements for future tokens. He also stressed the importance of due diligence when it comes to investing, emphasizing that investors should look for value and the long-term when making investments.

In conclusion, Stark reminded viewers that investments require careful consideration, and investors should always perform due diligence to ensure that the investments they make are sound and have the potential for long-term gains. He commended the state agencies for their efforts in protecting investors, and warned against investing in products or services without proper research.

Crypto Market in 2023: Rebuild Trust to Get Its Mojo Back

Bullet Points:
• Jacquelyn Melinek of TechCrunch talked to CNBC Market Alert about the future of the crypto market in 2023.
• Retail investors may sit out of the crypto market in 2023, with VC funds continuing to invest.
• Trust needs to be rebuilt in the crypto ecosystem in order to „get its mojo“ back.

Article:
As the year 2022 comes to a close, many people are looking ahead to what 2023 may bring for the crypto market. Jacquelyn Melinek, a senior crypto reporter for TechCrunch, recently spoke to CNBC Market Alert about the future of the crypto space in 2023.

Melinek believes that retail investors may sit out of the crypto market in 2023, especially those who have seen the industry changing events such as Terra’s collapse. However, she also noted that there are still true believers in the space who will continue to be there in 2023. In terms of who will be the main investors in crypto in 2023, Melinek believes that VC funds aren’t going to stop investing due to what happened with FTX, and that we will continue to see big brand businesses like Starbucks getting into the space.

In order for the crypto ecosystem to „get its mojo“ back, Melinek believes that trust needs to be rebuilt 100%. She noted that regulators need to step in and create a framework instead of using traditional market techniques. This would help to restore trust in the crypto space and pave the way for a more successful 2023.

Overall, Melinek believes that the future of the crypto market in 2023 is uncertain, but that there is still potential for the space to grow and thrive. With trust needing to be rebuilt and the right framework in place, the crypto market can continue to make strides in the coming year.

The Future of the Metaverse is Here: Invest in The Sandbox, Metacade, and Decentraland!

• The Sandbox (SAND) is a decentralized 3D world that allows users to create, share, and monetize in-game experiences.
• Companies like Forbes, Gucci, and Warner Music Group have used The Sandbox’s tools to take their first steps in the metaverse.
• The Sandbox (SAND) price is expected to increase in 2025, as the adoption of the metaverse grows.

The future of the metaverse is close at hand, and with it comes a new wave of exciting projects. One of the most promising is The Sandbox (SAND), a decentralized 3D world that allows users to create, share, and monetize in-game experiences. With companies like Forbes, Gucci, and Warner Music Group already taking their first steps in the metaverse, the future of The Sandbox looks bright.

At the heart of The Sandbox is the use of non-fungible tokens (NFTs), which are digital assets stored on the blockchain and represent something unique like a piece of digital art, a game character, or a plot of land. Players can purchase LAND tokens, which are NFTs that represent plots of virtual land in the metaverse. Once they own LAND, players can build anything they want using the VoxEdit tool and use it in the Game Maker to create immersive games and experiences. They can also purchase ASSETs, which are objects designed by other players.

The Sandbox has also partnered with big names like Atari and Square Enix to offer their players access to licensed content. This gives players the chance to create their own experiences using popular characters and worlds, while also giving developers the ability to monetize those experiences.

The Sandbox (SAND) price is expected to increase in 2025, as the adoption of the metaverse grows. The Sandbox is already one of the most popular platforms for creating and playing Metaverse games, and this popularity is likely to increase as more companies enter the space. The platform’s unique features and strong partnerships will help it stand out from the competition, and this should result in a steady increase in its price.

The Sandbox is just one of the projects vying for a piece of the metaverse pie, however. Metacade and Decentraland are two other projects that are also worth keeping an eye on. Metacade is a platform that allows users to create and share games, while Decentraland is a virtual world where users can buy, sell, and build their own properties. Both projects are expected to experience strong growth in the coming years, and their prices should benefit as a result.

The future of the metaverse looks bright, and The Sandbox (SAND), Metacade, and Decentraland are all expected to play a major role in its growth and development. As more companies enter the space, the demand for these projects should increase, which should result in a rise in their prices. With strong partnerships, unique features, and a wide range of uses, these projects are poised to make a big impact in the metaverse and could prove to be a wise investment in the long run.