Weekly Market Update (Week 10, 07/03/2022 – 13/03/2022)

BTC climbed to $42,500 as Biden signed an exec order on digital assets. eBay plans a digital wallet. Pay for the movies in SHIB and DOGE at AMC.

Key Takeaways

• Bitcoin (BTC) climbed to a high of about USD 42,500 before closing lower at the end of the week. Simultaneously, U.S. President Joe Biden signed the executive order for digital assets.
• Stripe and eBay laid out plans for digital wallet and payment options for cryptocurrency amidst rising adoption.
• In the week ahead, we have the FOMC meeting and also an European Union (EU) upcoming vote on the Markets in Crypto Assets (MiCA) regulation.
• The general price, volume, and volatility indices were mixed at -1.12%, -11.21%, and +27.40%, respectively.

Highlights

• ECB’s Lagarde supports acceleration of Digital Euro work
• Jamaican central bank to airdrop Jam-Dex CBDC to early adopters
• Block’s Bitcoin wallet will contain a fingerprint sensor for transactions
• Shiba Inu and Dogecoin are now accepted by AMC theaters
• Pantera Capital’s blockchain fund has $1B in commitments
• Bessemer commits $250M to Web 3, launches DAO
• This $70 million work of art could be paid for in Bitcoin or Ethereum
• Princeton launches blockchain research initiative with $20M from crypto-alumni
• DAO creation platform Upstream raises $12.5M and launches publicly
• JustCarbon, Likvidi launch blockchain markets for carbon credits
• Chainalysis launches free sanctions screening tools

Check the latest prices on Crypto.com/Price.

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