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      Crypto market surging: What to watch & what not to watch - Stocks Telegraph

      By Muskan

      Published on

      March 29, 2022

      5:45 PM UTC

      Crypto market surging: What to watch & what not to watch - Stocks Telegraph

      The global cryptocurrency market has finally reached back above $2 trillion in capitalization as most tokens are on a steady uptrend. This indicates that the bulls might be on the rise for cryptocurrencies – making it an ideal time to capitalize on the numerous investment opportunities the market has to provide. In this newsletter, we will give you a ride around the market to help you identify such opportunities.

      Highlights of the week

      Here are the top developments that happened around the market:

      • BTC has continues its bullish rally and is currently standing at $47,654 with a positive change of 12% during the week. Ethereum is also following suit and is trading hands at $3,427
      • President Biden’s proposed budget for 2023 shows that the president is expecting $5 billion in tax revenue due to the new rules imposed on cryptocurrencies
      • WWE had decided to enter the NFT segment by launching its own digital assets through a partnership with Fanatics
      • Grayscale is considering turning the tables and suing SEC over Bitcoin ETF
      • The European Union has proposed to launch a crackdown on non-custodial crypto wallets
      • Japan is revising its foreign exchange laws to ensure Russia cannot use cryptocurrencies to bypass sanctions
      • Ukraine has launched an NFT museum on war on Ethereum and Polygon

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