We have an exciting week on the crypto market behind us. High time for classification. Especially with reference to the past weekend and the price development on the traditional market.
Amazon helps Bitcoin to develop positively
Meta (Facebook) and PayPal were unable to excite their investors over the past week. The prices of both companies fell after the quarterly figures were announced. The reason for this movement at Meta was probably the user numbers on Facebook, which were falling for the first time. This created a bad mood among investors, which even the realignment and strong investments in the direction of Metaverse (Horizon) could not offset.
In the case of PayPal, the upset is more in the nature of the users, because the payment service provider currently seems to be generating lower income per capita than desired. What is exciting about this development for the crypto market: Although the two companies mentioned are directly or indirectly linked to the crypto spacer, the comparatively poor numbers did not cause the price of Bitcoin and the crypto markets to fall. This could be due to the extremely successful business result of Amazon have to do.
Top & Flop Coins
As already indicated, the overall crypto market has gained 18 percent over the past seven days to reach $1.9 trillion. Bitcoin remained just below average at just under 12 percent. Not so Juno (103 percent), Quant (64.2 percent), Gala (90.7 percent), Decentraland (29.8 percent), Axie Infinity (26 percent) and Shiba Inu (31.5 percent). In the podcast, Stefan and Jan discuss how these sometimes sharp jumps in prices can be explained.
DeFi applications as a way out of volatility?
We also discuss ways to park your crypto capital away from the volatile paths and earn passive income. One of the many ways: DeFi lending