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.
Bitcoin drifts lower, analysts expect bearish sentiment to fade. Bitcoin at $42,239.15 (down 3.47% in last 24 hrs).
Let us put an extra shot in on Friday, and begin…
Bitcoin and stocks traded lower on Thursday as geopolitical risks escalated. In crypto markets, the correction over the past month appears to be stabilising as bearish sentiment wanes. Some analysts remain optimistic due to persistent long-term demand, especially for Bitcoin. Ether underperformed Bitcoin.
The Bitcoin narrative needed a saviour; unprecedented financial sanctions on a major European country might have saved the day. But it’s hard to get too excited about this narrative until Bitcoin more meaningfully disconnects from risk assets.
Draftking’s gamified NFT product – in collaboration with the National Football League (NFL) Players Association – is ready to launch before the start of the 2022 NFL season in September.
QTUM, the native cryptocurrency of the Quantum blockchain network, fell 3% on 3 March to $6.34, although it has re-established back above it’s pre-Russian military invasion level.
As of Wednesday, $7.15m had been raised through selling non-fungible tokens of the Ukrainian flag by UkraineDAO (decentralised autonomous organisation) – an initiative co-founded by Pussy Riot, the Russian feminist protest punk band.
Cryptocurrency newbies, who bought digital assets at their all-time highs at the end of 2021, “almost completely capitulated” at the end of last month.
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