The crypto market has performed admirably. With recent surges, the market has stabilized on a bullish note. The global cryptocurrency market cap has reached a high of $2.16 trillion, up 0.71 percent in the last day. The market’s bullish momentum provides excellent investment opportunities. Continue reading to find out what’s up and what’s down in the market!
Highlights of the week
Here are the top developments that happened around the market:
- BTC is currently trading at $47,126, continuing its bullish rally. Ethereum is currently trading at $3,401, following in the footsteps of the market’s king.
- As the European Union institutions continue to debate the contentious Transfer of Funds Regulation (TFR), representatives from the crypto industry are attempting to limit the proposal’s potentially negative impact on the sector’s future development.
- The Bitcoin mining difficulty, or the measure of how difficult it is to compete for mining rewards, increased 4.13 percent to 28.59 T, up from the previous ATH of 27.97 T in mid-February.
- VitalikButerin, co-founder of Ethereum (ETH), has stated that it is still possible to reduce Ethereum’s complexity while improving its functionality. The announcement comes as some developers have recently expressed concerns about Ethereum’s complexity.
- Visa launched the Visa Creator Program, an initiative aimed at assisting digital-first artists is beginning to use NFTs. Mentorship, community building, exposure to Visa’s partners, and a one-time stipend for selected projects are all goals of the program.
- Non-fungible tokens (NFTs) based on Solana (SOL), a public blockchain and Ethereum (ETH) competitor, are set to gain traction as the major NFT marketplace OpenSea prepares to add support for these digital assets.
- In another sports-crypto marketing effort, Argentine professional footballer Lionel Messi has signed a deal worth more than USD 20 million to promote digital fan token company Socios.com.
- BTCBOX, a Japanese crypto exchange, has announced plans to list dogecoin (DOGE) – a significant first for the token in Japan, given that the trading platform is registered with the Financial Services Agency (FSA)
- Shibainu (SHIB) developers have revealed details of their virtual reality project “SHIB: The Metaverse,” announcing 100,595 land plots, some of which will remain private.
- Helium Inc., the company behind the rapidly growing Helium blockchain, has changed its name to Nova Labs.
