You would think that with everything going on right now, the market would be down and feeling gloomy 😂. All of a sudden, boom! Crypto had its best week in a very long time and coin prices literally went to the moon! 💥
Before we jump into the headlines for this week, can we talk about how inflation in Nigeria hit 21.6%? 🤯 Everyone wants to hold the Dollar right now and fortunately, you don’t have to go too far. The Quidax Dollar Savings tool helps you to save in Dollars 😋, earn up to 10% interest, and withdraw anytime to your domiciliary account.
Why Did Markets Go Up? 📈
The market broke its two-week losing streak with huge gains this week mainly because of the current banking crisis 👏.
After two major tech-focused banks shut down last week, coin prices dropped 💨. However, the U.S government announced over the weekend that it would rescue both banks and protect their customers 😮💨. The market reacted well to this news, with crypto prices rising almost throughout the week.
Bitcoin went as high as $26,700 🤯. While its price has cooled, investors are still excited. Could we be seeing $30,000 soon?
NOTE: We recently relaunched our Quidax Global Community Telegram group after the old one went offline. It’s been popping so far, and there are a lot of awesome opportunities for members.
We’d really love for every Quidaxian back in the group, so please join in here.
Meta Pauses All NFT Features 😔
Just 10 months after launching them, Meta (formerly Facebook) has said that it will shut down NFT features on Instagram and Facebook ⏸️.
Meta explained that they want to provide new ways to support creators. They mentioned that they are working on bringing crypto support to their payment service, called MetaPay 🤔. So, that’s something to look out for.
All About USDC ⭕
The past week was a rollercoaster for USDC – one of the most popular stablecoins. The coin lost its $1 value after one of its developers revealed that they held money with Silicon Valley Bank – the tech-focused bank that shut down last week 🙈.
USDC has since regained its $1 value, and you can read all about it here 👈.
Cars in the Metaverse? 🚗
This week, car maker Nissan filed different trademarks for cars, cloths, and other materials that it wants to create within the metaverse too 🌐.
We reported last week that a startup wants to help people raise plants in the metaverse 🌴. What other everyday item do you think is coming to the metaverse next?
Disclaimer: All content in this article is general information and is not the opinion or perspective of any particular individual or entity. Nothing in the article is professional and/or financial advice. Evaluate all information properly before making decisions.