A possible “change in tone” from the FED on interest rate hikes and positive December data on inflation are benefiting the price of Bitcoin and cryptocurrencies. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin exceeds $18.000 per unit
📍Positive FED data on inflation is boosting the price of Bitcoin and cryptocurrencies. Analysts estimate that the Fed could slow down interest rate hikes, which has triggered a positive reaction in the stock market and cryptocurrencies.
The price of Bitcoin is above $18.800 per unit, showing an increase of 12% weekly and almost 4% daily, while other cryptoassets such as Ethereum, Ripple and Cardano show a similar behavior, growing 12%, 13% and 20% weekly, respectively.
Several analysts believe that the price increase in the crypto market is not sustainable. Even so, the sentiment remains positive in the face of the possibility that the FED will slow down interest rate increases at its next meetings. It is estimated that the FED could Increase interest rates by 25 basis points.
The Fed's previous interest rate hikes had been 75 basis points.
The number of 1 BTC holders hits a new ATH
📍The number of wallets with 1 BTC available reached a new all-time high. According to data from the GlassNode platform, there are currently 981.722 Bitcoin wallets with a balance of 1 BTC or more, which represents a new all-time high in cryptocurrency statistics.
The increase in the number of 1 BTC holders appears to be related to the bearish cycle, which has kept the price of Bitcoin below $20.000 per unit since around mid-June 2022.
At the time of writing, Bitcoin has rallied 12% on a weekly basis, reaching $18.800 per BTC, according to data from CoinMarketCap.
Ava Labs and Amazon Web3 Services partner
📍Avalanche blockchain developer Ava Labs will facilitate the node deployment process via AWS. According to a release Published on Medium by the developers of the Avalanche blockchain, the network's infrastructure and DApp ecosystem have been deployed on the Amazon Web3 Services marketplace, with a view to driving enterprise, institutional and government adoption of the blockchain.
Additionally, the blockchain developers will deploy subnets as a managed service on AWS. This move will allow Ava Labs to grow the number of subnet validators globally to strengthen and improve subnet robustness.
Ava Labs has become a member of the AWS Partner Network, which will enable its customers to connect and deploy customized AWS offerings and services in a more accessible way.
“Game of Thrones: Build Your Realm” sold out in just a few hours
📍Warner Bros' latest NFT launch on Nifty's was a sales success. The first series of NFTs inspired by “Games of Thrones”, which Warner Bros launched on the Nifty's platform on January 10, is sold out in a few hours.
However, despite their sales success, these NFTs have received some criticism from NFT consumers and collectors, almost all of which is related to the graphic quality of their avatars.
For example, Justin Taylor, former CMO of companies like Twitter and Activision Blizzard, said that Warner Bros.' “Game of Thrones: Build Your Realm” avatars are “terrible and lacking creative vision.” Martha Calvinho, founder of Calvinho & Partners, believes that Game of Thrones NFTs could be The worst NFT reveal all yearOther critics compare the crypto collection to the final season of the television series.
Bitcoin and El Salvador's monetary history featured in Miss Universe
📍Alejandra Guajardo, who represented El Salvador in the beauty pageant, showed off an outfit inspired by Bitcoin and the country's monetary history. On his Instagram account, Guajardo highlighted that El Salvador is a country with a true vision of positive change for the future, which is why it became the first in the world to declare Bitcoin as legal tender in 2021.
The Mexican-born model and actress wore the outfit representing El Salvador, which featured the colón, the country's official currency until 2001, when it was replaced by the US dollar. On the right side, a Bitcoin could be seen, currently the country's official cryptocurrency.
With this suit, Guajardo wanted to show the world the evolution of the Salvadoran monetary system over the years, as he explained on the social network. “It is a testimony to the way in which Salvadorans have transformed their economy at different stages of their history.”
Continue reading: El Salvador approves digital assets law for the issuance of the Bitcoin Bonus
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