Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.

Morning Coinheads. A lot to take in today.

Where will crypto go in 2022?

Goldman Sachs. US$180k. Store. Of. Value.

The Fed up mins.

Price points for Shiba.

For Cardano.

And Ethereum.

It’s Thursday morning in Sydney, lets start:

 

US markets close: Crypto’s tumble as Fed ponders paring balance sheet

The cryptocurrency markets fell sharply on Wednesday night stateside, after the US Federal Reserve released meeting minutes showing the bank is considering reducing its $8.3t (£6.12t) balance sheet.

Bitcoin was down nearly 5% to $44,150 per unit after the close.

Litecoin fell 5.1%. Other popular assets like Ethereum and Solana saw steeper declines of 5.7% and 6.5%, respectively.

 

OpenSea NFT platform fetches $300m in Series C round

Non-fungible token (NFT) platform OpenSea raised $300m (£221.2m) in a Series C funding round as the platform seeks to become a core destination for NFT tech. CEO Devin Finzer saying OpenSea plans to use some of the funds toward lowering the barriers to NFT entry.

 

Three trends to watch as crypto goes mainstream

Where will crypto go in 2022? On the surface, that question applies to the price of bitcoin and other crypto assets. But two other notable trends to watch are – greater acceptance of digital assets among financial institutions and the future of non-fungible tokens.

 

Ethereum price prediction for 2022 and beyond: Will ETH rebound?

ETH, the ethereum coin, is being outshone by its altcoin rivals as it delivers a rather pedestrian start to 2022. In this article, the Capital.com crew look at the coin’s recent performance along with the latest price predictions from forecasters and analysts.

 

Cardano price prediction: Can ADA be revived after recent falls?

Cardano, the vaunted Ethereum-killer blockchain, has been establishing its credentials as a credible working platform according to crypto analyst Santiment, which rated it as the “most developed cryptocurrency asset” of 2021.

 

Shiba coin price prediction: Will SHIB reach new highs?

To further its stated commitment to decentralisation, the forces behind Shiba Inu, the high-growth meme coin, are to launch Doggy DAO (decentralised autonomous organisation) in what it calls a “stage-by-stage metric and phased approach”.

 

Europe crypto news: BTC open interest hits record high

While the main cryptocurrencies continue to trade in line, there are indications in the Euro market that things may get more interesting, as open interest in BTC perpetuals – contracts that do not have expiry or settlement date – hits a record high.

 

This article was developed in collaboration with Capital.com Australia (AFSL 513393), a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Read MoreBitcoinBlockchainCryptocurrencyEthereumNFT

You might be interested in