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.
After spending most of the week mixed in trading, cryptocurrencies were in green territory just before the Christmas holiday.
Bitcoin was up 3.86%, Ethereum was 2.60% better, while Litecoin was higher by 3.86% by the close of the US market.
One North American maker of cryptocurrency automated teller machines (ATMs) sees the market reaching almost $4bn in under nine years. Brandon Mintz, president and CEO of Bitcoin Depot cited “tremendous expansion throughout 2021”, along with growing mainstream interest.
Ripple (XRP) chief executive Brad Garlinghouse posted comments on Twitter about the legal case filed against his company by the SEC, claiming it was an attack on crypto in the US, not just on Ripple. He added that 2021 was a breakthrough year for crypto.
ETH, the ethereum coin, is not showing any strong signs of recovery from the mini-crash of 4 December. As of 23 December, it sits at $3,924, below the significant $4,000 level around which it has been moving since autumn So, what is the Ethereum price outlook heading into 2022?
On 14 December Tesla CEO Elon Musk tweeted: “Tesla will make some merch buyable with Doge & see how it goes.” Its price shot up by 35%. As of Thursday, 23 December, it was back down 17% to $0.1774.
ADA, the coin of the Cardano blockchain, looks to be leaving 2021 with more of a whimper than the bang with which it started the year. As of 23 December, ADA sits some 56% down from its all time high on 2 September. In the first nine months its journey took it on a path of 1,400% growth.
Not content with renaming an iconic sports arena in Los Angeles, the leading exchange Crypto.com is now advertising that it will be advertising during the Superbowl next February – a move that will lift its profile in America. Steven Kalifowitz, the company’s chief marketing officer, said: “Crypto is really the basis of the next version of the internet.”
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This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.