Trading Desk Market Update: 2/15

February 15, 2022

BTC is currently trading around $44,400 and ETH around $3,150.  Notable gainers in the last 24 hours are GRT, KDA, and GALA.  The global crypto market cap is $2.08T, up 4.9% over the last day.  DeFi Total Value Locked is ~$209b and BTC dominance is around 43%.

Global stock markets and crypto prices are higher as Russia has pulled back some troops from the Ukraine border.  Other notable news includes: the head of the Bank of Russia met with Russia’s Finance Minister yesterday but could not reach an agreement on how to regulate crypto; Belarus President Lukashenko signed a decree affirming the country’s formal support of cryptocurrencies and providing a legal basis to maintain a registrar of wallet addresses used in illegal activities; Canada has authorized emergency rules to cut off protesters’ access to crypto and other funds; public comments on an SEC proposed rule change that would convert GBTC to a spot-based ETF have largely been positive; and, NFT marketplace Cent, where Jack Dorsey sold his first tweet for $2.9m, has suspended sales amidst plagiarism and wash trading.

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