CNF Weekly Recap: 5 things to highlight from last week

• Bitcoin is picking up a resurgence in price moves, closing the week above $21,000 and dragging the broader cryptocurrency market down with it.
• Shiba Inu and Vechain have led the market after some strategic partnerships that promise to spread their mass adoption.

The market is brimming with promise and many analysts are talking about the end of the bear market and the beginning of the bull run. Most of the coins, led by Bitcoin and Ethereum, have already set yearly highs. In the case of Bitcoin (BTC), the digital asset reached a yearly high of $21,000 over the weekend. Ethereum (ETH), for its part, surpassed $1,500. Altcoins have not only followed the same path, but have continued in their work of building and participating in strategic partnerships for the future. In our weekly recap, we take a look at some of the highlights of the past week.

BTC and ETH Rally

Bitcoin and Ethereum made headlines throughout the week for their bullish trend. After gaining more than 20% in the last 7 days, Bitcoin closes the week trading near $21,000. The king of cryptocurrencies still faces some resistance at this level. With investors cautiously optimistic, they are looking towards $25,000 as the next test..Read more

#Bitcoin price is back to the pre-“FTX” levels.

Decentralized technologies are extremely resilient.

— CZ 🔶 Binance (@cz_binance) January 15, 2023

Ethereum, the second largest cryptocurrency, has also set a new year high. Like Bitcoin, Ethereum is up more than 20% in the last seven days, pushing its price above $1,500. The largest altcoin is now poised to hit $1,700. Interestingly, during the week, the MetaMask wallet launched a bet for users using Lido and Rocket pool betting services… Read more

Samsung Launches Bitcoin Futures ETF

In part, Bitcoin’s gains were driven by news that industry giant Samsung is launching a Bitcoin futures ETF. The Samsung Bitcoin Futures Active ETF will be listed on the Chicago Mercantile Exchange (CME) for interested traders.

Bitcoin futures remain the most favorable medium for institutional investors to get involved in the cryptocurrency market. Therefore, the entry of the South Korean technology giant represents a great boost for the cryptocurrency market, not only in the Asian market, but also worldwide…Read more

VeChain joins forces to build a scalable metaverse

The Vechain network has marked a key breakthrough in the fast-growing metaverse space. The Vechain ecosystem is joining forces with several companies, including L’Oréal’s BOLD venture capital fund and the British Fashion Council, who have come together to develop a metaverse ecosystem. BOLD, venture capital fund Venrex and the British Fashion Council, among others, have raised $4 million in a funding round for a French metaverse developer dubbed Digital Village.

“L’Oréal and the BFC invested $4M in French metaverse developer, Digital Village.” 🤝

DV is building a scalable, #sustainable and collectively prosperous #metaverse with #VeChain. ⛓️@LOrealGroupe @BFC @evelynxmora @vechainofficial @digitalvillage0https://t.co/RkPQ9V9cza

— eisenreich (@eisenreich) January 12, 2023

The VeChain network foresees exponential growth in the future with the development of the Digital Village for retail trading..Read more