AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
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IND
POL
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Highlights
- Bitcoin was hovering at nearly US$46,000 this morning, after correcting as low as US$44,500 on Saturday.
- Ethereum is now valued at nearly US$3,5000, after making a low of nearly $3,2000 on Friday.
- Move-to-earn token STEPN (GMT) has gained more than 30,000% over the past month and over 300% in the last seven days as the wider crypto market recovers from its three-month slide that began last November
Bitcoin’s price has risen slightly since Friday despite going through a series of dips and valleys. Bitcoin was valued at nearly US$46,000 this morning, after sinking as low as US$44,500 on Saturday.
Despite this, Bitcoin is enjoying its highest value in months, following a steady decline which saw its price sink to as low as around US$33,500.
Bitcoin’s price increase is curious considering the outside factors that analysts had previously pointed towards for Bitcoin’s decline – the Russia-Ukraine war, rising inflation and anticipation of rising interest rates – are still there.
The only thing that has changed really is Biden’s infrastructure bill, which he signed in January. The bill, which was expected to clamp down on crypto regulation, was much more mild on the crypto space than originally predicted, which may also be a factor which has seen Bitcoin and the wider crypto market gain value of the past couple of weeks.
Ethereum Price
Ethereum’s price has also climbed in the past 24 hours, jumping 2%. The second-largest cryptocurrency is now valued at nearly US$3,500, after sinking as low as $3,2000 on Friday.
Altcoin News
Move-to-earn token STEPN (GMT) has gained more than 30,000% over the past month and over 300% in the last seven days as the wider crypto market recovers from its three month slide that began last November.
Also Read: What is District0x (DNT) crypto and why is it up 80% today?
STEPN is a Web3 lifestyle app with gamification design, that encourages its users to exercise.
Users having GMT token can buy NFT Sneakers and can walk, jog or run outdoors to earn GMT further. These GMTs can be used to level up in the game.
Player can choose to lease or sell their NFT Sneakers on the in-app Marketplace.
Winners and Losers
Image Source @ 2022 Kalkine Media®
Data Source: CoinMarketCap.com, based on top 100 cryptos.
Note: Growth from the 24 hours prior to 12:30pm AEDT
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