Bitcoin price drops to $43.7K after Fed minutes re-confirm plans to hike rates
Bitcoin (BTC) and the wider cryptocurrency market fell under as equities markets pulled back at the closing bell after minutes from the Federal Reserve’s December FOMC meeting.
As stock markets corrected, BTC price followed suit by dropping below $44,000, setting off a cascade of liquidations that reached $222 million in less than an hour.
Top 03 Daily Losers – NFT Section
$CHR: -17.45%
$AXS: -16.34%
$ALICE: -14.98%
After last week’s rally, many assets in the NFT portfolio have dropped significantly since last night. CHR, the Chromia blockchain’s foundation coin, fell the most at 17.45%, followed by AXS and ALICE, which fell 16.34% and 14.98%, respectively.
Airbnb could soon add support for cryptocurrency payments
According to a survey taken on Twitter, Airbnb CEO Brian Chesky recently revealed that booking accommodations using cryptocurrency is the top request for this year.
Chesky implies to have seen a variety of token ideas, implying that Airbnb’s future cryptocurrency payment options will not be limited to just one or two tokens.
El Salvador prepares 20 bills to provide legal framework for Bitcoin bonds
El Salvador’s government has moved ahead with plans to issue Bitcoin bonds by preparing 20 bills designed to provide a legal framework for them.
According to the announcement, the bills will cover regulations about issuing securities as cryptocurrency to ensure the viability of the Bitcoin bonds.
Institutional investors poured in record $9.3 billion into crypto funds in 2021
Global crypto-themed funds witnessed record net inflows of $9.3 billion during 2021, a 36% increase over 2020 as institutional adoption grew in a breakout year for crypto assets.
While the increase from 2019 to 2020 was significantly higher at 806%, this represents a maturing industry, with total assets under management (AUM) ending the year at $62.5 billion in 2021 versus just $2.8 billion at the end of 2019.
Top 03 daily gainers
$DREAMS: +42.74%
$BCOIN: +29.05%
$ICP: +23.85%
DREAMS is currently at the top of the growth chart on ONUS, having increased in value by more than 42% in the last 24 hours with a trading volume of 119.22 million USD.
BCOIN remains in second place on the chart, followed by ICP – the asset that has made news this morning.
Binance Labs announces strategic investment in Coin98
Binance Labs announced the recent strategic investment in Coin98, an all-in-one DeFi platform that helps bridge millions of TradFi users to DeFi.
Coin98 will accelerate the platform’s development through this strategic investment and contribute to the BSC Ecosystem by building DeFi infrastructures including NFT Marketplace, token launch platform, AMM on Binance Smart Chain.
China’s central bank releases pilot version of digital yuan wallet
As China’s central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores.
Individual users in China now can download an earlier version of the app to test opening and managing a personal wallet, as well as digital yuan transactions.
NEAR hits All-Time High
The price of NEAR, the native token of Near Protocol, has skyrocketed and hit a new high of $17.53 on Tuesday.
The token has slightly backtracked since. Still, the token is trading at $17.26 with a market cap of $10.3 billion.
ICP gained 31.25% after 24 hours, leading the list of bullish assets on ONUS
The downtrend of BTC and ETH is an opportunity for many Altcoins to recover their growth momentum, the most prominent of which was the return of Internet Computer (ICP) – Up 31.25% in value.
ICP is currently holding the #1 position in ONUS’s Top Gainer chart with a trading volume of more than 307 million USD.