$BTC 24 Hour High $43,436.81
$BTC 24 Hour Low $42,691.02
$ETH 24 Hour High $3,376.40
$ETH 24 Hour Low $3,269.92
Happy Monday from HKbitEX! Hope you had a great weekend! Highlights from the week:
- We haven’t seen a significant breakout from the market this week as $BTC has traded between 41K and 43K; $ETH has managed to hover above the $3,000 support level
- NCR acquires LibertyX and integrates crypto services into 750K ATMs globally
- Block, Inc. is now building bitcoin mining system
- Sotheby’s to accept BTC, ETH or USDC in auction of Rare Black Diamond Called ‘The Enigma’
The $BTC and $ETH market
We haven’t seen a significant breakout from the market this week as $BTC has largely traded between 41K and 43K. $BTC drop towards $40K on Monday. Since then, $BTC has been on an uptrend and even surged to $44K on Thursday. The bulls failed to sustain the momentum, though, and $BTC retraced to $42K. Since then, it recovered some of the losses and is currently trading around $43K for a slight weekly increase. At the time of writing, $BTC is trading at $42,799.44 with $45K as its next major resistance level and $38K as its next key support level.
$ETH wise, the second largest cryptocurrency has managed to hold well above the $3,000 support level but is yet to recover in full, with a 4.6% loss in the past seven days.
From an ETH/BTC perspective, the index is now around 0.076 level over the week. At the time of writing, $ETH is trading at $3,278.18 with $3,600 as its next major resistance level and $2,750 as its next key support level.
NCR Corporation (NYSE: NCR) announced last Thursday (13/1) that after the acquisition of cryptocurrency software provider LibertyX, it will enable their customers to buy and sell crypto assets on its more than 750K ATMs and digital touchpoints across 140 countries. “The completion of this transaction enhances our ability to provide digital currency solutions and capabilities that help run our customers’ businesses”, said Don Layden, EVP & President, Payments & Network, NCR Corporation.
Block, Inc. (NYSE: SQ) confirmed last Thursday (13/1) that it is now building a bitcoin mining system that will be open to individuals and businesses worldwide. "We're interested because mining goes far beyond creating new bitcoin. We see it as a long-term need for a future that is fully decentralized and permissionless”, said CEO Jack Dorsey.
The auction house Sotheby's announced yesterday (16/1) that it will be accepting bitcoin (BTC), Ethereum (ETH) and the stablecoin USDC for the sale of a rare 555.55-carat diamond dubbed “The Enigma.” Sotheby’s said the decision to sell the black diamond with crypto as a payment option is due to the success of an earlier auction it held in July.
“This present sale is a continuation of our efforts to strive to lead the market given the strong cryptocurrency community”, said Nikita Binani, Sotheby’s Jewelry Specialist and Head of Sale in London.
Alts & DeFi
Alts and DeFi wise, Defi TVL (Ethereum network) increases to $96B at the time of writing. For some well-known tokens, over the week, Yearn Finance ($YFI) recorded 0.84% growth, Aave ($AAVE) is +12.33%, Compound ($COMP) is -4.68%, Uniswap ($UNI) is +6.77%, Polkadot ($DOT) is +7.96%, Chainlink ($LINK) is -8.75%, Cardano ($ADA) is +31.55%, Polygon ($MATIC) is +13.56%, Solana ($SOL) is +1.33% and Avalanche ($AVAX) is +1.62%.