BTC is currently trading around $46,500 and ETH around $3,800. Notable gainers in the last 24 hours are MINA, LINK, and THETA. The global crypto market cap is $2.37T, down 0.6% over the last day. DeFi Total Value Locked is ~$255b and BTC dominance is around 39%.
In Bitcoin news, a Goldman Sachs research report says BTC will continue to take “store of value” market share, and can reach $100,000 if it continues to make ground on gold. Additionally, Glassnode reports that 76% of BTC’s circulating supply is illiquid, defined as being in a wallet with no spending history. In Ethereum news, Vitalik Buterin estimated that the smart contract blockchain is 50% of the way through its ultimate endgame state. Elsewhere, Kosovo banned bitcoin mining due to an energy shortage, Poland’s central bank is intensifying work on a potential CBDC, the SEC postponed its decision on NYDIG’s spot bitcoin ETF application, and leading NFT marketplace OpenSea raised a $300m funding round at a $13.3b valuation.2022.01.05
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