Trading Desk Market Update: 2/11

February 11, 2022

BTC is currently trading around $43,600 and ETH around $3,100.  Notable gainers in the last 24 hours are IOTX, THETA, and CEL.  The global crypto market cap is $2.06T, down 3.7% over the last day.  DeFi Total Value Locked is ~$209b and BTC dominance is around 42%.

Notable news includes: The European Commission announced that legislation for a digital euro will be proposed in early 2023;  Zambia and several neighboring countries are studying a potential CBDC; Turkey is working on a plan to have citizens turn in gold to prop up the value of the Turkish lira; YouTube is looking at NFT integrations to provide new methods for creators to engage with fans; cloud-based software company Salesforce is working on an NFT product for artists; Larva Labs has forced OpenSea to delist CryptoPunks V1 NFTs; and, Cardano has now processed over 30m transactions.

2022.02.11

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