Hey Guys,
Bit of a messy Monday in the crypto market, but don’t let it get you down!
Last week we saw a solid foundation built under the crypto market, and if you were paying attention to the headlines you already know what I’m talking about. If not, then today’s video is a must watch!
For starters, over 112 million people were exposed to crypto during last weekend’s Super Bowl. Many of the crypto ads resulted in record traffic to cryptocurrency exchanges, and while most of them probably just signed up for free BTC, I’m sure a few of them will stick around.
Then there’s the massive amount of capital that crypto VCs have been raising to invest into both upcoming and existing crypto projects. Galaxy Digital also said that institutions are itching to get into crypto and are just waiting for regulatory clarification. In due time, I’m sure!
We also saw new all time highs for Bitcoin and Ethereum. Not in terms of price of course, but other on-chain indicators that are strongly correlated with price. For Bitcoin it was a new hash rate ATH, and for Ethereum it was the number of addresses holding more than 0.1 ETH.
These are just a few of the headlines that had me feeling bullish during the crypto market dip over the weekend, and I have a feeling we could see a surprising reversal this week. It’s too soon to say for sure, but prices can only go down for so long before the bulls come back.
Enjoy today’s weekly crypto market update!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Super Bowl Crypto Ads: https://cointelegraph.com/news/super-…
► Galaxy Digital Predicts Institutional Investment: https://www.coindesk.com/business/202…
► Bitcoin Hash rate ATH: https://cointelegraph.com/news/bitcoi…
► Opensea Phishing Attack: https://cointelegraph.com/news/opense…
► Opensea Phishing Attack Thread: https://twitter.com/isotile/status/14…
► Etherscan Token Approval Checker: https://etherscan.io/tokenapprovalche…
► Canada Freezes Bank Accounts: https://cointelegraph.com/news/crypto..
► FBI Crypto Team: https://www.coindesk.com/policy/2022/…
► Federal Reserve Trading Ban: https://cointelegraph.com/news/fed-se…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
