Bitcoin (BTC) has been very volatile in the past few days. With the price of Bitcoin (BTC) dropping once again down to $19.7k, the market has become red. Ethereum (ETH) is following Bitcoin (BTC) as well. The overall cryptocurrency market cap has dropped by almost 5.44% and now stands at the level of almost $861B.

New projects are getting launched here amidst the bear market and the development hasn’t stopped. Read on to get better insight into the market and stay up to date about the market.

Highlights of the week

Here are the top developments that happened around the market:

• In the past 24 hours, Bitcoin (BTC) has dropped by almost 0.5%. The price of BTC now stands at the price of almost $19.7k. In the past 7 days, we have seen a drop of almost 1.48% meaning that the price somehow stands at the same level.
• Ethereum (ETH) is following BTC as it normally happens and we have seen a drop of almost 0.07% in the price of the coin. It stands at the price of almost $1,065. In a single week, the price has dropped by almost 6.72%.
• Su Zhu and Kyle Davies, the organizers behind grieved crypto investment agency Three Arrows Capital (3AC) could have escaped Singapore and their whereabouts are obscure.
• More than ETH 1,300 (USD 1.5m) has been taken in an assault on NFT convention OMNI, per blockchain security firm PeckShield. The protocol asserts that no client reserves were lost, just inside testing reserves were impacted, and that the network has been suspended until the examination is finished and checked on by outer security and inspecting firms.
• DeFi project Yam Finance said that they have effectively foiled an assault on their Yam DAO, a decentralized autonomous organization. An unsubstantiated agreement was sent and an administration proposal submitted by means of inner transaction to make it harder to see, however, the assault was seen and the proposition has been dropped, they added.
• Binance kept on handling exchanges by clients in Iran in spite of US sanctions and an organization prohibition on carrying on with work there, Reuters revealed. In November 2018, Binance reported it would never again serve Iranian traders, yet seven crypto brokers told the news organization they kept on utilizing their account until as late as September last year, just losing access after the trading platform tightened tax evasion checks and anti-money laundering a month sooner.
• OKX declared it will be the Official Training Kit Partner for English football club Manchester City from the 2022/2023 season.

MoonXBT reported it has carried out a zero-fee strategy on various exchanging pairs for the spot market endlessly.