Promising rise in Bitcoin and Ethereum
Markets have turned green as the government relaxes as a result of the Covid protests in China. Bitcoin is priced at 17 thousand and Ethereum at 1200 dollars.
Brazil has legalized the use of cryptocurrencies as a means of payment across the country. Sony has started preparing to launch its motion sensor wearable Metaverse device called “Mocopi”. Mastercard has filed a trademark application for crypto and Web3 focusing on crypto security. The Central Bank of Ukraine has taken action to issue a digital version of the Ukrainian hryvnia that could facilitate crypto trading, issuance and other transactions. The US Texas Securities Board called former FTX CEO SBF to court on Feb.
Promising rise in Bitcoin and Ethereum
Global markets have turned green with the government taking limited relaxation steps in the fight against the epidemic, as a result of the Covid cases and protests that break every day in China. Asian stocks rose more than 3%. In the USA, data flow is progressing at a very strong course today. In addition to Fed Chairman Powell's speech, ADP private sector employment data will be important for the strength of the economy. In addition, the US 3rd quarter growth data and the vacant job opportunities index will be followed. In Europe, on the other hand, the leading inflation data and economic confidence index, which were slightly better than the expectations, closed down with the expectation that the European Central Bank's policy rate might soften at the rate of increase.
Domestically, Turkey's third quarter growth data was followed. While the annual growth was announced as 3.9% against the expectation of 4%, the economy contracted after 9 quarters on a quarterly basis.
Cryptocurrencies weren't too affected by the BlockFi bankruptcy. Bitcoin rose to 17,200 with China's loosening in epidemic measures. It is currently priced in the 16,900 region. Ethereum, on the other hand, continues to move towards the $1272 level.
