We just finished another week, where we saw Bitcoin briefly hitting the 24k mark, but since falling below 23.000 again.
We are hearing a lot of buzz and positive news in the crypto space despite the still not-so-positive macro environment. It actually seems like people are excited for the coming year, where we might see crypto starting to exit the bear market and regain some if the previous levels.
Especially NFT’s, crypto gamign projects and the metaverse in general are making great progress recently. January saw a 7-month high in NFT trading volume according to TechCrunch and DappRadar
Bitcoin usage
Should Bitcoin be used for non-financial purposes, such as NFT’s which is now possible with the Ordinals protocol? Satoshi said no, but it has been up for debate.
Bitcoin Community Erupts in Existential Debate Over NFT Project Ordinals
Mainstream adoption
Another step towards the mainstream seems to happen in the world of sports and soccer where Premier League signs an NFT-deal. This is something we will probably see a lot more of in the future.
Latest news in crypto regulation which is still underway, slow and steady.
Government promises robust crypto regulation
Crypto winter ending?
Another indicator pointing towards an end to the crypto winter.
Bitcoin Could Be in the Later Stages of the Bear Market, On-Chain Data Suggests
That was it for this weekly newsletter, thank you for reading!
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