Newsletter Volume 16

Article 1 — The Market This Week

The world of cryptocurrency is never short of surprises, and every week, investors and traders brace themselves for potential market upheavals. Amidst the chaos, Bitcoin has emerged as a popular choice among investors, experiencing a surge of 2% in its price. The cryptocurrency’s unprecedented growth has made it the talk of the town, with investors eagerly waiting for its next move. Unfortunately, however, Bitcoin’s price took a hit recently, leading to market uncertainty and a sense of panic among investors.

Article 2 — Weekly Review of IC15

Cryptocurrencies are constantly evolving, with new developments and changes occurring daily. Recently, the IC15 benchmark index for cryptocurrencies experienced a significant drop of 895 points, leading to a 2.56% decrease to 34,063 just before the release of the FOMC meeting minutes. Most coins in the index, including Solana, Polygon, Chainlink, and Uniswap, saw their prices in the red, with significant losses ranging from 3–7%. Despite this downturn, the total market capitalization of cryptocurrencies remains high at $1.094 trillion.

Article 3 — Battle of Bull and Bear

The financial market has been experiencing a battle between the bulls and the bears due to the US Federal Reserve’s recent announcement about gradually increasing interest rates in response to surging inflation. As a result, the US dollar has gained strength, reflected in the upward movement of the DXY index, an indicator of the dollar’s value against other major currencies worldwide. The index is currently hovering around 104.50 and heading towards its weekly high, indicating that the dollar’s value is rising. This surge in the dollar’s value has caused concern among investors about its potential impact on other markets, including the cryptocurrency market and other global currencies. The current situation creates a challenging environment for investors and traders, who must carefully monitor the market to make informed decisions.

Article 4 — Weekly Spotlight

This week’s attention has been brought to the Canadian Securities Administrators, who have taken a strong stance against crypto asset trading platforms (CTPs) operating without proper registration with the agency. As a result, CTPs that still need to register have been given a deadline of March 23 to complete the pre-registration process or cease operations within Canada. The latest guidance builds upon previous rules outlined in December and includes a series of new “commitments” that exchanges must make to complete the pre-registration and eventual registration process.



The Global Digital Asset Supper App

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store