We compile the top news stories weekly from the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC and ETH updates to recent investments, developments of exciting new projects, and other relevant topics.Here is everything you need to know for the week of March 18th to 22nd.
📈 Weekly BTC and ETH Overview
The recent fall in the price of Bitcoin below $70K has raised concerns among market participants who are unsure if the peak has been reached. However, there are various support levels that are still in place, which could prevent further decline in the market. Ethereum faced a significant rejection when it reached the $4K mark, and as a result, it entered a corrective phase and saw a notable 25% drop.
At the time of writing, BTC is trading at $63.3K, down 5.35% in the last 24 hours. Similarly, ETH is trading at $3.34K, down 5.29% in the previous 24 hours.
🗞️ Top Market News
- MicroStrategy Acquires an Additional 9,245 Bitcoins for $623M, Expanding Total Holdings to 214,246 BTC. Saylor notes that the recent acquisition was financed with "proceeds from convertible notes & excess cash" and acquired at an average price of $67,382 per Bitcoin, raising the value of its BTC holdings to over $7.5 billion. Read more here.
🚀 New Project Developments
- bitsCrunch Launches Advanced Analytics for Solana. bitsCrunch has meticulously cataloged all Solana blocks, providing thorough analytics and forensic insights for digital assets, marketplaces, gaming, and brands operating within the ecosystem. Read more here.
- AIT Protocol (AIT) has partnered with Axen Labs. The collaboration aims to improve data annotation and AI model training processes. AIT Protocol serves as the dedicated Web3 data infrastructure for these purposes. Read more here.
- Mystiko.Network initiates Airdrop campaign on Galxe. The Galxe campaign runs until May 21st. Users can accumulate points for future rewards in Mystiko tokens. Moreover, Mystiko V1 Ethereum users are eligible for the TGE whitelist. Read more here.
🔍 More Featured Stories
- Southeast Asia's top ride-hailing app, Grab now accepts cryptocurrency payments in Singapore. Through a partnership with Triple-A, users in Singapore can now top up their wallets with cryptocurrencies. They can pay with bitcoin, ether, and stablecoins like XSGD, USDC, and USDT using GrabPay Wallet. Read more here.
Related Market Updates
Market Updates: May 13 - May 17
The market is slowly gaining momentum again after the downward trends shortly following the halving. Given the positive spot Bitcoin ETF results of the last week, and movement across multiple projects within the space, Bitcoin broke through the $60K support level, reaching $66K at the end of this week. On the other hand, Ethereum is trading around the $3K level, which is located near the $2.8K support zone.