2022-01-31

Catch up on what happened in crypto today

January 31, 2022

Daily Digest – January 31st

  • Bitcoin weekend recap, Arizona to make Bitcoin legal tender, Bitcoin miner predicts massive hash rate growth.

  • Terra (LUNA) drops hit 35% in one week, Dogecoin overtakes Terra.

  • Wonderland considers shutting down after voting out QuadrigaCX’s sifu.

  • Internet Computer (ICP) plans Bitcoin and Ethereum integration for 2022.

Current Crash Hits Dogecoin and Shiba Inu Harder than Other Cryptos

It’s no surprise to any crypto investors that the digital asset market is down overall, but it’s been especially challenging for two previous highfliers – Dogecoin and Shiba Inu respectively. Last Tuesday, cryptocurrency analytics firm – Arcane Research – released its most recent report exploring the state of the industry, which bears those facts out.This graphic from Arcane Research, shows that crypto stalwarts – Bitcoin (BTC)  and Ethereum (ETH) – are down -52% and -54% respectively from their all time highs; while the meme coins Shiba Inu (SHIB) and Dogecoin (DOGE) have fallen even further from their peaks. SHIB is down -77% while DOGE has cratered -82%... 

Veteran Trader Peter Brandt Believes it Might Be Time to Buy Bitcoin

After a turbulent start to the year, driving Bitcoin to complete its third consecutive month of losses, the worries of investors seem to be cooling off, as the world’s largest crypto consolidates between the $35k and $38k range.Veteran trader and renowned market analyst Peter Brandt now believes that Bitcoin’s sentiment has become too bearish, opening that Bitcoin could go on a price rally against all odds...

Prominent IT Expert Becomes the New CEO of DailyCoinTechnology and knowledge are at their best when they bring people together. Online media outlet DailyCoin is proud to introduce its new CEO.

Terra (LUNA) Loses its Position to Dogecoin (DOGE) as Slump Worsens

Although the turmoil that has encumbered the crypto market is beginning to lose its grip, Terra (LUNA) has only continued to fall harder. Over the last 24 hours, Terra (LUNA) has dropped by 8%, bringing its weekly losses up to 35%...

    That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,Tadas