Crypto Espresso: Your quick shot of the latest crypto moves and news
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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.
As we sit on the precipice of World War III, Bitcoin was swinging this way and that on Monday evening as Putin ordered tanks into Ukraine and the markets digested what a war actually looks like. Bitcoin started down in the UK, dipping to US$37,000, but by the time US was waking up it was making a small rally, along with most of the majors.
Not so much for Doge or Bitcoin Cash. Is this an opportunity to BTFD? We couldn’t possibly say.
Meanwhile, NFT sales have hit an all time high; pity about the US$1.7 million hack on OpenSea. That’s at least a couple of missing monkeys, to be sure. And Metaverse token SENSO is down 80% from its record high in November.
Feels like there’s a lesson here…
Let’s take a closer look:
Prominent cryptocurrencies were mostly higher on Tuesday with Bitcoin up 1.81%, Ethereum up 0.53%, and Litecoin 0.41% higher. In other digital assets, Bitcoin Cash was down 0.10% while Dogecoin was 0.35% lower.
Sales of NFTs took off in 2021 and soared to an all-time high, based on the number of sales, hitting value totalling $15.57bn in 2021. This looks at whether there are quieter times ahead.
Metaverse token SENSO has followed the general trends in crypto, trading more than 80% down from its all-time high of US$3.27, achieved on 21 November 2021. Let’s consider its fundamentals and potential.
With Bitcoin’s influence waning, is this an opportunity for Bitcoin Cash (BCH)?
Users of OpenSea, one of the crypto world’s largest NFT marketplaces, was hit by a phishing attack that resulted in NFTs being stolen from certain users of the exchange.
Bitcoin was trading at US$37,000 in European morning trade as cryptocurrency and traditional markets fell in response to intensified tensions in Ukraine, after Russian President Vladimir Putin ordered tanks to invade on Monday evening.
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