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Weekly recap: Tesla’s BTC holdings remain unchanged for Q1 2022

First Bitcoin and Ethereum ETFs to debut in Australia, FATF to tighten supervision of AML compliance and NEAR Protocol to launch its native stablecoin USN this month. Meanwhile, the IMF is pushing for DeFi regulation and the correlation between Bitcoin and traditional markets is at its highest. Read the Weekly recap to find out more about the main events of the crypto market that happened between 15th and 21th April 2022.

weekly recap

Crypto market in numbers

The crypto market cap fluctuated primarily in the range between $1.85 trillion and $1.92 trillion during the week. On 21st April 2022 alone, the indicator rose to $1.96 trillion, which is about 2.6% higher than the value observed on 14th April 2022, according to data from CoinMarketCap. The largest decrease was observed on 18th April – down to $1.8 trillion, which was preceded by a strong decline in trading activity for three days.

Trading activity dropped to the levels recorded in the first half of February. Between 14th and 20th April, trading volumes stood at about $513 billion, down by 11% and 36% from last week and the week before last, respectively. The average daily trading volume for the reporting period dropped to $73 billion.

The Cryptocurrency Fear & Greed Index remains in the “Fear” zone. Market sentiment showed minimal fluctuations during the week. The median index value for the period is 27 points.

Bitcoin volatility remains low. Since 15th April 2022, the 30-day volatility index has held at 2.5%. Over the month, the indicator decreased by 1.73%.

Gainers of the week (15th – 21st April 2022)

Coin Opening price 15.04, $ Opening price 21.04, $ Change
ZRX 0.81 1.14 40.6%
EOS 2.44 2.97 21.7%
WXT 0.0082 0.0094 15.2%
ZEC 155.99 171.67 10.1%
DOT 19.54 21.00 7.5%

Losers of the week (15th – 21st April 2022)

Coin Opening price 15.04, $ Opening price 21.04, $ Change
CRON 0.59 0.52 -12.4%
MNC 0.00084 0.00075 -10.4%
WAVES 23.03 22.20 -3.6%
SHIB 0.000028 0.000027 -3.5%
GMT 0.29 0.28 -2.4%

Easily track gainers and losers within the Simple trade section on EXMO. Check real-time updates in the last 24 hours, week and month.

Segmentation of cryptocurrencies based on trading results
(15th – 21st Arpil 2022)

Cryptocurrencies have been divided into groups based on the range of price changes observed over the past week. To represent the data, the rates of all cryptocurrencies were converted to USD.

Most traded coins (7th – 13th April 2022)

Coin Trading volumes, $
BTC 16,716,908
ETH 10,739,502
XRP 3,091,250
ROOBEE 1,435,978
WAVES 1,215,074
ZEC 707,175
LTC 702,669
GMT 642,410
TON 570,727
DOGE 518,609

Top crypto market driving factors

Overall crypto market

▼ 14.04.2022 – The European Central Bank kept its monetary policy unchanged but confirmed it will end its bond-buying in the third quarter, following a meeting on Thursday.

▼ 19.04.2022 – CoinShares: between 11th and 15th April, digital asset investment products saw the second week of outflows totaling $97 million. Unlike the prior week, when digital assets saw outflows primarily from the US, this time most of the outflows were from Europe (88%).

▲ 19.04.2022 – CoinShares: last week, multi-asset investment products remained a firm stalwart, with another week of inflows totaling $5.3 million.

▼ 19.04.2022 – Silvergate Bank’s report for the first quarter of 2022: during this period, the bank facilitated $142 billion worth of transfers between crypto exchanges and financial institutions. Its net income grew by 94% year-over-year to $24.7 million.

▼ 19.04.2022 – The Financial Action Task Force (FATF) believes that more than half of jurisdictions do not comply with AML in relation to crypto companies. FATF intends to tighten supervision of AML compliance in the US, China and the EU.

▼ 20.04.2022 – The IMF published a financial stability report stating that the DeFi sector is a threat to financial markets and therefore requires regulation.

▲ 20.04.2022 – Commerzbank (CBK), one of the largest financial institutions in Germany, applied for a crypto licence earlier this year.

Bitcoin (BTC)

▲ 14.04.2022 – MicroStrategy CEO Michael Saylor: the company intends to follow its own bitcoin buying strategy.

▲ 18.04.2022 – Arcane Research: the number of users that have access to Bitcoin (BTC) Lightning Network grew from 100,000 to 80 million in a year.

▼ 19.04.2022 – CoinShares: between 11th and 15th April 2022, Bitcoin saw outflows totaling $73 million, bringing month-to-date outflows to $196 million. Since the beginning of the year, bitcoin saw inflows of $145 million.

▲▼ 20.04.2022 – Arcane Research: BTC’s 30-day correlation with the Nasdaq is at its highest level since July 2020 – 0.70. Meanwhile, Bitcoin moved into a negative correlation with gold – -0.45. It is right around an all-time low point.

▲ 20.04.2022 – Next week, 21Shares plans to launch Australia’s first bitcoin and ether exchange-traded funds on the Cboe platform.

▲ 20.04.2022 – Cosmos Asset Management is going to launch its first bitcoin ETF on 27th April 2022.

▲ 21.04.2022 – BitInfoCharts: the world’s third-largest bitcoin whale has acquired 2,822 BTC worth $117 million in the past seven days. The whale wallet currently holds $5.2 billion worth of BTC.

▲ 21.04.2022 – Tesla Q1 2022 report: the value of Tesla’s (TSLA) bitcoin holdings remained unchanged at $1.26 billion for the second straight quarter.

Ethereum (ETH)

▲ 18.04.2022 – The non-profit organisation, Ethereum Foundation, spent an aggregate of around $48 million on the research and development of the Ethereum mainnet. The company’s $1.6 billion treasury consists mostly of crypto assets ($1.3 billion), with Ether (ETH) accounting for 99,1% of all crypto assets.

▲ 19.04.2022 – IntoTheBlock: the number of NFT collections on the Ethereum network has more than doubled compared to the previous year, exceeding 80,000.

▼ 19.04.2022 – CoinShares: between 11th and 15th April, Ethereum saw outflows totaling $27 million. Year-to-date outflows hit $153 million.

▲ 20.04.2022 – Next week, 21Shares plans to launch Australia’s first bitcoin and ether exchange-traded fund on the Cboe platform.

▼ 20.04.2022 – Former CEO of Twitter, Jack Dorsey: if you’re building on Ethereum, you have at least one, if not many, single points of failure.

Solana (SOL)

▲ 18.04.2022 – Solana-based crypto wallet Phantom is now available on Android.

▼ 19.04.2022 – CoinShares: between 11th and 15th April, Solana saw outflows totaling $0.7 million.

Cardano (ADA)

▲ 14.04.2022 – The Cardano Vasil hard fork upgrade will go live on 29th June 2022. The hard fork will add pipelining support to Cardano, which will significantly enhance blockchain performance.

▲ 15.04.2022 – Cardano’s founder, Charles Hoskinson, invited Elon Musk to develop a decentralised social platform together.

▲ 18.04.2022 – IOHK: 400 new projects and 100,000 new wallets have been created on Cardano in a month.

▼ 19.04.2022 – CoinShares: between 11th and 15th April, Cardano saw outflows totaling $0.7 million.

Dogecoin (DOGE)

▲ 17.04.2022 – AMC Theatres, an American movie theatre chain, updated its mobile apps to accept Dogecoin (DOGE), Shibu Inu (SHIB) and other cryptocurrencies as a payment option across the United States.

Shiba Inu (SHIB)

▲ 17.04.2022 – AMC Theatres, an American movie theatre chain, updated its mobile apps to accept Dogecoin (DOGE), Shibu Inu (SHIB) and other cryptocurrencies as a payment option across the United States.

NEAR (NEAR)

▲ 20.04.2022 – DAO Decentral Bank: Near Protocol will launch its own algorithmic stablecoin called USN by the end of April 2022.

Litecoin (LTC)

▲▼ 17.04.2022 – Santiment: LTC transactions worth more than $100,000 were at their highest point since May of 2021.

Uniswap (UNI)

▲ 15.04.2022 – Uniswap Labs embeds a swap widget that will allow users to exchange tokens without leaving the page they are viewing.

Tron (TRX)

▲ 19.04.2022 – The first NFT marketplace has launched on the TRON mainnet.

EOS (EOS)

▲ 20.04.2022 – The EOS Network Foundation is preparing to launch the Trust testnet to integrate Ethereum applications and support smart contracts. It is scheduled for the period between 23rd May and 10th June 2022. The launch of the main network is scheduled for autumn 2022.

Maker (MKR)

▲ 20.04.2022 – MakerDAO, one of the oldest and largest DeFi protocols, is set to integrate the Ethereum Layer 2 network StarkNet on 28th April 2022 as part of its multi-chain strategy.

Decred (DCR)

▲ 18.04.2022 – A major update of the Decred network, scheduled for early May 2022, is set to reduce the DCR mining reward share.
h2 style=”text-align: center;”>EXMO news

Crypto market snapshot for Q1 2022 has been published. The analytical report presents 2022’s first quarter in review: crypto market cap, trading volumes, gainers and losers, as well as the correlation between cryptocurrencies and public companies by month and for the entire quarter.

EXMO.com no longer provides services for Russian, Belarusian and Kazakh clients.After careful consideration and evaluation of the company structure, we arrived at a conclusion that serving Russian and Belarusian clients will prevent us from maximising our strengths and performing better.

Integrating with Fireblocks to leverage custody security.We’re delighted to announce that we have struck a partnership with Fidelity-backed cryptocurrency security provider, Fireblocks.

That’s all for this week! Follow EXMO on YouTube, Twitter and Telegram to stay tuned to the main events and trends in the crypto market.

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