Crypto Espresso: Your quick shot of the latest crypto moves and news
Link copied to
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 trading was mixed in US markets in the weeks leading up 25 December, the major digital assets turned it around on Thursday, 23 December, and remained in positive territory to start the week after Christmas.
In early afternoon trading on Monday, Bitcoin was up 1.89%, Ethereal was up 0.54% better, while Litecoin was higher by 2.03%. In other assets, Polkadot was higher by 5.47%.
Two Chinese metaverse stocks rose on news that state news organisation Xinhua was releasing non-fungible tokens (NFTs) based on its photography. Xinhua announced that it would release a limited amount of NFTs from its news app on Friday, news that prompted the stocks of two Chinese firms involved in the metaverse to rise.
Ripple chief executive Brad Garlinghouse raised the rhetoric level about the legal case filed against his company by US regulators, claiming it was an attack on crypto in the US, not just on Ripple. Despite this, Garlinghouse said that 2021 has been a watershed year for the cryptocurrency industry and Ripple’s strongest year yet.
The RMRK cryptocurrency launched in September. It enables NFT customisation across blockchains and was trading higher last week after falling to its lowest level since late November and spiking in early December. In this price analysis we look at how the relatively new coin works and the latest price predictions.
2021 has been described as a breakthrough year for cryptocurrencies. Increased regulation of crypto-assets has led to more mainstream acceptance, with regulatory action laying the groundwork for cryptocurrencies to be considered a legitimate asset class. So which crypto investments provided the biggest gains.
Internet Computer (ICP), the blockchain and native token of the Dfinity Foundation, put on a show with a 16% boost on 24 December following news that developers had produced a cross-chain bridge that will let ERC20 tokens exist natively on the Dfinity network. But looking at the full year picture, it shows how ICP is struggling to gain traction after its May launch.
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.