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Investing.com – Bitcoin, Ethereum and Solana lost feathers on Thursday, January 27, 2022. The fell -4.24% to $36,057, while Ether fell -3.61% to $2,405 and that retreated -7.92% to $88.65.
Bitcoin: Tesla’s BTC assets shrink
The latest quarterly report from Tesla Inc (NASDAQ:) shows that the value of bitcoins purchased last February for $1.5 billion has decreased to $1.26 billion.
However, this is not only due to the recent price drop, but also because ten percent of the initial stock of BTC has been sold in the meantime in order to test the liquidity of the cryptocurrency, as had then indicated the company.
Yesterday’s Fed interest rate decision didn’t have an initial impact on the cryptocurrency market, but subsequent comments from Chairman Jerome Powell don’t seem to have gone down well with investors. . He talked about the fact that the economy is stronger than in 2015 and therefore rate hikes can be implemented more quickly.
: Ark Invest sees Ether at $180,000 in 2030
Ark Invest, headed by Katie Woods, released a report that shows Ethereum could reach a market capitalization of $20 trillion in 2030.
This would mean that on that date, a single Ether would be worth $180,000. It is especially the DeFi sector, based on smart contracts, which will significantly contribute to the growth of the network.
The most important reason for this development is that banking, insurance and credit granting are increasingly being carried out via DeFi, because significantly higher turnovers can be processed there per hired employee. .
Solana: the new update puts the bots on a leash
Solana Labs CEO Anatoly Yakovenko recently spoke on Twitter (NYSE:) about the recent network issues. It assumes that an update will be available within 4-5 weeks and that it will fix the performance drops permanently.
The starting point for network overloads were so-called “liquidator bots”, which sent duplicate transactions, the number of which amounted to up to 2 million per second.
To avoid being overwhelmed again by this type of transaction in the future, the developers will develop a flow control routine.
By Marco Oehrl
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