BTC is currently trading around $41,800 and ETH around $3,150. Notable gainers in the last 24 hours are ROSE, NEAR, and MATIC. The global crypto market cap is $2.07T, up 2.1% over the last day. DeFi Total Value Locked is ~$229b and BTC dominance is around 41%.
Crypto prices are up over the last day despite Federal Reserve Chairman Powell pledging “to prevent higher inflation from becoming entrenched” in prepared comments for his nomination hearing before congress today. All eyes now turn to the December CPI report, set to be released tomorrow at 8:30am EST, after last month’s report showed November prices increasing at the fastest pace since 1982.
In other news: Iran is reportedly set to allow merchants to use digital currencies in international trade; a US GAO report suggests tightening regulations on crypto ATMs; The PBoC has confirmed that overseas visitors will be able to use its digital yuan for the first time at next month’s Winter Olympics; Indian financial services giant Axis Bank issued a financial contract using government-backed blockchain platform SLDE; Binance is said to be considering the UAE for its next global hub; weekly digital asset institutional fund outflows totaled $207m last week, the highest level on record per CoinShares; OpenSea is poised to break its own record for monthly sales on Ethereum as volumes are over $2.1b through Jan 10; Farmville maker and game developer exploring blockchain-based games Zynga is being acquired by Grand Theft Auto publisher Take-Two Interactive; and the Associated Press will launch an NFT marketplace for historic photographs.2022.01.11
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