Key Takeaways

About USD 230 billion left the cryptocurrency market in the first week of 2022 ended Friday, as the sector continues to experience heightened volatility. Over the past weekend, Bitcoin (BTC) took another big hit as it tumbled from $42,000 to around $40,600, while Ethereum (ETH) also plummeted to just above $3,000.
Kazakhstan’s nationwide internet blackout amid protests caused the Bitcoin network hash rate to tumble by 13.4%, and the government resigned. No timeline exists as to when the internet will switch back on in the second-biggest Bitcoin mining country in the world.
The general price index was negative at -13.74%, while the volume and volatility indices were positive at +36.79% and +20.69%, respectively.

Highlights

Market Index Tokens

Metrics	Price	Volume	Volatility
Top Gainers	LINK (+25.79%)	LINK (+164.20%) ATOM (+107.91%) XTZ (+68.80%)	ETH (+79.65%) XTZ (+69.54%) ATOM (+32.27%)
Top Losers	XMR (-22.29%) DOT (-18.27%) ETH (-17.71%)	XMR (-20.58%) ADA (-7.56%)	ADA (-43.53%) DOT (-29.15%) XMR (-28.92%)
Benchmark	BTC (-11.99%)	BTC (+38.05%)	BTC (+8.51%)

* Market index tokens: BTC, ETH, XMR, LINK, EOS, XLM, XTZ, ATOM, ADA, DOT

Notable Events

Bitcoin (BTC) slipped below $44,000 shortly after notes from the Federal Reserve’s December Federal Open Market Committee (FOMC) session re-confirmed plans to hike interest rates in 2022. (ref)
Over the past 24 hours, some whales on the top 1,000 ETH list have purchased large amounts of Chainlink (LINK), Polygon (MATIC) and FTX (FTX), continuing to bet on these coins while the declining BTC is pushing the whole market to the south. (ref)

DeFi Tokens

Metrics	Price	Volume	Volatility
Top Gainers	LINK (+25.79%)	LINK (+164.20%)UMA (159.77%)MKR (77.51%)	UMA (87.50%)NXM (76.25%)SNX (73.19%)
Top Losers	LRC (-26.06%) CRV (-21.80%) AAVE (-18.15%)	NXM (-31.07%) AAVE (-9.39%)	YFI (-46.10%) CRV (-32.50%) BAL (-19.19%)
Benchmark	LINK (+25.79%)	LINK (+164.20%)	LINK (+21.34%)

* DeFi tokens: LINK, YFI, AAVE, SNX, UNI, COMP, MKR, UMA, REN, LRC, NXM, BAL, CRV

Notable Events

Popular oracle network Chainlink (LINK) had soared by 33.4% in the week ended Friday. Much of the rise has been attributed to the utility that this oracle network provides for the crypto sector in general. (ref) (ref)
Aave (AAVE) has launched its institutional product, Aave Arc, which will initially be open to 30 institutions that have been whitelisted by Fireblocks. (ref)

Other Tokens

Price Change (%)	NFT	Gaming	Meme
Top Gainers	–	–	–
Top Losers	UOS (-20.98%) ENJ (-19.18%) FET (-18.49%)	AXS (-24.99%) MBOX (-24.4%) ILV (-22.6%)	HOGE (-20.7%) PEPECASH (-16.36%) SHIB (-16.15%)

*NFT tokens: THETA, CHZ, ENJ, FLOW, FET, WAX, OGN, UOS, OMI
*Gaming tokens: AXS, MANA, SAND, ALICE, YGG, MBOX, ILV, ATLAS, POLIS, DAWN
*Meme tokens: DOGE, SHIB, MONA, HOGE, PEPECASH

Notable Events

Shiba Inu (SHIB) has launched a Beta version of DAO to give users more authority over crypto projects. The Dogecoin rival aims to provide its users with more control over crypto projects and pairs on the ShibaSwap platform. (ref)
While the market itself is on the decline, two crypto whales acquired more than 6.5 billion SHIB tokens within one hour on Sunday. (ref)

10 Jan 2022|MARKET UPDATES

Weekly Market Update (Week 1, 3/1/2022 – 9/1/2022)

Bitcoin ($BTC) tumbles to $40,600. Chainlink soars in bear market conditions

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Key Takeaways

Highlights

Market Index Tokens

Notable Events

DeFi Tokens

Notable Events

Other Tokens

Notable Events

Weekly Market Update (Week 1, 3/1/2022 – 9/1/2022)

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🚀 1-year trading volume across crypto CEXes reached $80 trillion; JP Morgan plans to offer clients the option to use crypto ETFs as collateral for loans

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📈 Stablecoin transactions reached US$94 billion from Jan 2023 to Feb 2025; Canary Capital submits S-1 for first spot CRO ETF in the US

Pronto para começar sua jornada cripto?