Gate.io Blog Daily Flash | Bitcoin and Ether Saw 10% and 22% Gains in 7 Days, ApeCoin Shot Up 22% in Collab with Eminem

Daily Flash | Bitcoin and Ether Saw 10% and 22% Gains in 7 Days, ApeCoin Shot Up 22% in Collab with Eminem

01 January 08:00

Today's Headline - Bitcoin and Ethereum Lead Sizable Recovery Among Top Cryptocurrencies

Bitcoin has risen more than 10% over the last seven days, trading at $21,134 as of this writing, and Ethereum regained even more territory, surging more than 22% to $1,220.

Polygon’s (MATIC) week was astounding with an increase of almost 59% which is currently trading at $0.57, bolstered by six weeks of whale accumulation—according to on-chain data analytics from Santiment—and a carbon neutrality partnership announced this week with on-chain carbon market KlimaDAO.

Chart of the Day - XRP BB Squeeze (1h)

The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow.

Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline

Influencer of the Day - ApeCoin Gains 22% After Debut of Bored Ape-Themed Video With Eminem and Snoop Dogg: Decrypt Report

On Friday, NFT-loving rap legends Snoop Dogg and Eminem released a music video featuring animated versions of their Bored Ape Yacht Club (BAYC) avatars.

ApeCoin’s recent price spike may have been caused in part by the Friday release of a new music video by Eminem and Snoop Dogg, in which the prominent rappers and noted BAYC ambassadors transform into animated versions of their Bored Ape avatars. The music video, which trended on YouTube throughout the weekend, has garnered over 7.5 million views.

Buzzes of Yesterday - #Goldman Sachs to Buy Celsius’s Crypto Assets, #Solend Protocol Teamed Up With Mango Markets to Handle $207M Debt

Goldman Sachs Aims to Raise $2B to Buy Celsius’ Crypto Assets at a Discount

Yuga Labs Files Lawsuit Against Ryder Ripps For 'Scamming Consumers’

BAYC founders call Nazi conspiracy video ‘crazy disinformation campaign’

Ethereum Merge to Be Executed on Second Major Testnet

Italian Fashion Brand Salvatore Ferragamo Installs NFT Booth in NYC

Axie Infinity To Reimburse Ronin Exploit Victims And Relaunch Bridge

Lido DAO Begins Vote On Whether To Limit Its Ethereum Staking Dominance

Rivals Solend Protocol and Mango Markets have teamed up to handle a whale’s $207M debt

Albania to Start Taxing Crypto Profits From Next Year

Author: Gate.io Researcher Peter L.
This article represents only the researcher's views and does not constitute any investment advice. Gate.io reserves all rights to this article.
Reposting the article will be permitted provided Gate.io is referenced.
In all other cases, legal action will be taken due to copyright infringement.

BTC/USDT + 0.50%

ETH/USDT + 0.01%

XRP/USDT -0.75%

AXS/USDT + 12.14%

LDO/USDT + 0.74%

CEL/USDT -0.71%

APE/USDT + 2.53%

SLND/USDT + 0.41%

MNGO/USDT + 4.12%

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