Yalla Crypto #16 - Understanding Crypto Winter + Top Cryptos This Week
Global Headlines
Last week brought the first bright days in weeks to the crypto market, which could signal that the bear market is slowly coming to an end. Bitcoin (BTC), Etheruem (ETH), and many altcoins registered decent gains on their daily charts, however, most of them still finished the week without sustained highs.
General Crypto Market Performance
As per usual, let’s have a look at how the market performed overall last week. By far the most significant period of the past seven days were the days of the breakout when Bitcoin (BTC), Ethereum (ETH), and numerous other altcoins managed to lift off from their month-old support levels and claim higher local highs for the first time in weeks.
Why You Should Still Believe in Cryptocurrency
Our CEO Joseph Dallago discusses his top 10 benefits of cryptocurrencies for?Arabian Business. Looking beyond the speculation on crypto assets, here we assess why crypto is the future of money.
US Senators Introduced a Bill to Exempt Small Crypto Transactions From Capital Gains Taxes
Currently, in the US, crypto users are legally required to report gains realized with any kind of transactions. The new rule is anticipated to exempt transactions from this requirement that are below a certain amount.
MENA Highlights
Dubai’s Metaverse Strategy Will Add $4Billion in the Economy?
The Dubai Metaverse Strategy is based on five pillars, which includes government adoption of metaverse technologies, talent development, and a focus on innovation.
Buying Crypto in Dirhams Will Soon be Possible
A partnership between Kraken and RAKBank allows investors to fund virtual asset investments through their local bank accounts.
Weekly Market Performance
Top Reads
Reasons Why Market Dips are Good for Investors
Bull markets are great, but what happens when things eventually go south and prices dip to great depths? Most investors would say that such downtrends are negative and... continue reading ?
What is Crypto Winter and How to Handle it
Let’s see what we refer to as crypto winter first. Generally speaking, a crypto winter is a prolonged period where asset prices don’t perform well. In this sense, a crypto winter is... continue reading ?
Cryptos to Follow This Week: BTC, UNI & more
First on the list is the largest and most popular cryptocurrency by market cap. Bitcoin (BTC) made it to this week’s group because it has been trading around the $20,000 level for the last few weeks, which could signal... continue reading ?
The Potential Effects of Holding Crypto Long-Term
Day trading and investing in pursuit of quick gains could be a viable strategy, however, that’s not the only way to go about crypto assets. That is because the above strategies are greatly exposed to market volatility... continue reading ?
Spotlight Topic
SnarkySharkz NFTs: The Next Generation Collection
Non-Fungible Tokens (NFTs) have countless potential use cases, and today’s collection is adding one more to the already long list of utilities. SnarkySharkz is a next-generation NFT collection that intends to provide various desirable benefits to holders while offering art with collectible value at the same time. However, this is not all; SnarkySharkz have a greater ambition than being another utilitarian NFT collection—read on to find out all there is to know about these scarce digital pieces... continue reading ?
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