Crypto Espresso: Your quick shot of the latest crypto moves and news

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.

It’s a mixed bag again today. Bitcoin is up, breaking US$45,000 for the first time in more than a month. Probably doesn’t hurt that Tesla is holding more than $2 billion of the good stuff. Ethereum is down. Litecoin is down, along with Bitcoin Cash and Doge. Hex is slowly recovering from the flash crash of January 2022, while Dex and other layer 2 tokens are among the worst performers in crypto this year.

Meanwhile, NFTs may have have sky-rocketed over the last 12 months, but investors should be wary of unscrupulous pricing techniques.

As you can imagine, we get a lot of… ‘interesting’ pitches for potential crypto applications, but this one surely must take the cake. Hear us out: what if your space heater could mine for Bitcoin? WHAT COULD POSSIBLY GO WRONG?

Onwards…

US market close: Bitcoin rises

Prominent cryptocurrencies were mixed on 8 February during US markets, with Bitcoin up 0.48%, Ethereum down 1.12%, and Litecoin 1.18% lower. In other digital assets, Bitcoin Cash was down 1.17% and Dogecoin 6.26% lower.

NFT buyers beware of ‘wash trades’ that generate sales hype

Sales of non-fungible tokens (NFTs) have soared with US$44.2bn in cryptocurrency transactions associated with NFT marketplaces and collections last year.

Is crypto mining the next home heating trend?

Amid a growing trend of do-it-yourself (DYI) home heating with cryptocurrency mining machines, commercial space heaters are becoming commercially available, allowing crypto miners to also act as heat sources.

HEX price prediction: The future of blockchain certificate of deposits

HEX, the producer of a certificate of deposit (CD) for the crypto world, is beginning to lift itself out of the mire created by January’s flash crash.

DEX and layer 2s among crypto’s worst 2022 performers: Kaiko

Decentralised exchange tokens (DEX) and layer 2 tokens are among the worst crypto performers of 2022 so far, Kaiko shows.

UK crypto news: BTC hits US$45K, but can the rally continue?

Bitcoin (BTC) hit US$45,000 in valuation for the first time in over a month in early morning trade in London on Monday.

Tesla 10-K filing reveals Bitcoin holdings worth nearly US$2bn

Tesla (TSLA) reported Bitcoin it purchased last year gained 32.6%, despite impairment charges topping $100m, and bringing the market value of its digital asset holdings to US$1.99bn.

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