M31 Capital bullish on BTC price, adoption in 2023 predictionsThe firm also expects crypto adoption to increase further and mentions chains and NFTs might go in a new direction in 2023.
Happy Wednesday!The global crypto market cap is $1.04 trillion with a 24-hour volume of $43.14 billion. The price of Bitcoin is $22,988.57 and BTC market dominance is 42.6%. The price of Ethereum is $1,574.49 and ETH market dominance is 18.5%. The best performing cryptoasset sector is Cannabis, which gained 6%.
Latest NewsM31 Capital bullish on BTC price, adoption in 2023 predictions
The firm also expects crypto adoption to increase further and mentions chains and NFTs might go in a new direction in 2023. BNB chain introduces new web3 storage product ‘BNB Greenfield’The storage system will use BNB as its native token and will become the third blockchain in the BNB ecosystem that already comprises of BNB Beacon Chain and BNB Smart Chain. ApeCoin’s on-chain metrics point to local top following 78% climb over 6 weeks – SantimentOn-chain analysis of ApeCoin's active addresses, network growth, whale behavior may indicate that a local top is in, according to Santiment. CoinShares CEO says lack of political will hindering US regulatory landscapeJean-Marie Mognetti wants clarity on which agency should take the lead in crypto regulation. HSBC seeking new product director to steer tokenization effortsThe move comes despite HSBC CEO Noel Quinn's recent warning about the dangers of crypto. Decentralized social network Nostr launches mobile app ‘Damus’Twitter co-founder Jack Dorsey said Damus' launch is a "milestone for open protocols." Shredded Apes LP drained, 78M tokens liquidatedRoughly 78 million WHEY tokens have been drained from the Shredded Apes royalties wallet in a breach. CryptoSlate Daily wMarket Update: Market sentiment green in anticipation of Fed rate hikeThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. FTX Group interim financial update contradicts court filing, shows exchange had $1.43B in cashRoughly 40% of FTX Group employees have been cut since the end of 2022 as administrators continue to sift through bankruptcy aftermath. Celsius publishes eligible users’ list for withdrawalsThe crypto lender emphasized that eligible users must update their accounts with certain information before any withdrawals can be processed. $588M worth of unlocks scheduled for February17 projects, including 1inch, Tornado Cash, Moonbeam, ApeCoin and Aptos will unlock a portion of their tokens throughout the month.
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