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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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“ […]