Funding is favoring shorts so far.

NAS100 opened. Index is on the edge, if it breaks below 14500, it's really bad for crypto. On the other hand, if it keeps above, it can bounce hard.

OpenSea sales volume topped over $200M a day in parts of January 2022 which is more daily volume than most of JPEG summer of 2021.

Despite a dip over the last week the number of unique sales is also near all-time highs — link

Treasury official behind stablecoin report to testify at Senate hearing next week — link

Russia set to recognize crypto as a form of currency: report — link

BlackRock planning to offer crypto trading, sources say — link

Binance, led by the world’s richest crypto billionaire, is taking a $200 million stake in Forbes — link

Russia shuts down darknet sites that had made $263 million in crypto — link

Apple plans to launch Tap to Pay for contactless payments
Apple Inc. unveiled its plan to introduce Tap to Pay feature on iPhone in its official press release. This new capability will allow US merchants to accept Apple Pay and other contactless payments later this year.

Twitter joins $20M funding round for Bitcoin payments provider OpenNode
Bitcoin payment provider OpenNode has closed a $20 million Series A funding round led by U.K. firm Kingsway at a $220 million valuation to fuel its global expansion.

Zynga Plans First NFT Games, Web 3 Acquisitions in 2022
Mobile gaming giant Zynga is building out its team and readying the launch of its first non-fungible token (NFT) games.

New Hampshire governor establishes new commission to study crypto — link

OnlyFans jumps into NFT profile pictures — link

Bitcoin 3m realised volatility has been declining for the past 6 months

BlockFi to pay $100 million in fines to SEC — link | bloomberg | archive

Bitcoin balance on exchanges just reached a 3-year low of 2,505,957

The Total marketcap of the crypto market was rejected from the $2 trillion resistance area. The TOTAL cap is now taking support at $1.75-$1.82 trillion area. TOTAL cap needs to hold this support area otherwise things turn bearish. The next major support is the $1.5 trillion area.

⁠Coinbase stock falls 5% pre-Wall Street as Bitcoin price dip adds to Super Bowl woes

A glitch lasting minutes rather than hours nonetheless has far-reaching repercussions as Bitcoin's trending towards $40,000 pressures COIN further.

• Bitcoin’s network growth is highly correlated with its market value. A sustained increase in the number of new daily BTC addresses generally leads to upward price action. Conversely, when the number of new addresses on the network decreases, prices tend to slide.
• Despite the 40% price rebound Bitcoin experienced in the last three weeks, the number of new daily addresses being created remains stagnant at an average of 400,000 per week. The network has yet to expand further to support the continuation of the uptrend and signal the entrance of retail investors.

#BTC weekly shooting star has been formed! Still, the price pumps hard!

Locally the chart looks pretty bullish, however on the bigger picture it looks like the price is being pulled up to the resistance level. If #BTC reverses here and loses daily support, dump will be huge.