The cryptocurrency market has been experiencing a downfall from the beginning of the year. This has dampened the celebration mood of cryptocurrency investors. However, the primary reason for the downfall of the crypto market is the Omicron variant. Investors are interested in updating themselves about the cryptocurrency market in recent times. Here’s the brief about the cryptocurrency market:
Cryptocurrency price on January 7: Tepid markets as Bitcoin, Ethereum fall
The global market capitalisation suffered 0.99% to stand at $2.05 trillion over the last 24 hours. Also, the trading volume fell substantially by 11.45% to $103.17 billion on January 7. Currently, Bitcoin is trading at $42,957.71 with market dominance tumbling 0.02% to 39.64% today morning. Bitcoin dipped by 1.13% to trade at Rs 34,53,914 while Ethereum plunged 3.67% to Rs 2,72,036.
Crypto-related crime hit record $14B in 2021 – But shrank by volume: Chainalysis
The annual Crypto Crime report released by blockchain analytics firm Chainalysis states that crime involving cryptocurrency surged to a record-high $14 billion in 2021. Due to the surge in cryptocurrency prices, there has been an increase of 79% in value from the $7.8 billion from 2020.
Ethereum devs dismiss JPMorgan warning about end of DeFi Dominance
Investment bank JPMorgan said that the delay of sharding may become difficult to compete with rival chains for DeFi market share in the future. On the other hand, Ethereum devs and contributors said that their focus on security gives the network a solid foundation upon which to grow.
Castlevania’s Konami is latest video game giant to jump into Ethereum NFTs
The Japanese publisher, Konami will release a series of Ethereum NFTs based on its Castlevania series, marking the 35th anniversary of the storied video game franchise. Konami will release 14 single-edition NFTs inspired by the game franchise, with some classic gameplay footage and music, and others based on familiar franchise artwork.
