Today’s Crypto Market Updates | February 10

byZero Gravity/February 10, 2022/inCrypto Market Updates, Crypto News

U.S. Consumer Price Index (CPI) Report – Uncertain impact on Crypto.

CPI index exceeded the expectations of many experts as it rose 7.5% YoY against an expected increase of 7.2%. Last month Inflation in the US had accelerated to the fastest pace in four decades (or since 1982) and doesn’t show any signs of waning yet.

Bitcoin endured a knock-on effect when this data was released briefly before the U.S. open dropping ~2% (or $1800) in three hours, However not only did this soon recover to reverse it’s loss but also made a higher high of $45,750 on the one hour timeframe as per Tradingview.

The technical chart and indicators clearly show investors are undecided as to what impact surging inflation has on cryptocurrencies such as Bitcoin and Ethereum which have previously been dubbed as volatile assets.

It’s only a matter of time before Bitcoin’s underlying store of value is realised and naturally solidifies itself as a hedge against inflation.

McDonald’s Enters The Virtual World – That Delivers!

The entry of Facebook, Walmart, Adidas, and now, McDonald’s is another sign of adoption from blue-chip firms towards the possibilities which lay ahead in Metaversal worlds. Today the food retail giant filed ten trademarks for its virtual restaurant.

As per a tweet by Josh Gerben, the trademark attorney of Gerben Intellectual Property, McDonald’s has submitted a trademark application that includes plans for a Metaverse-themed restaurant featuring real and digital goods.

As per the application, the iconic American restaurant will be able to provide “downloadable media files” for audio and video files, artworks, and NFTs.

In order to disrupt the Metaverse space, McDonald’s has included its McCafe brand that would offer entertainment services like organizing actual and virtual concerts and other Metaverse-based services.

Man United Joins The NFT Hype

The NFT mania isn’t slowing down with Manchester United F.C., arguably the largest football club in the world, confirming its partnership with Tezos blockchain as their official training and technology partner.

With this collaboration, the club aims to introduce its fanbase to the decentralized web amid growing focus from several renowned brands and firms. The soccer club also emphasized a friendlier environment of the Tezos blockchain than some of the blockchain networks.

This partnership further strengthens the fact that there is a growing market for digital collectibles, largely driven by sports club building NFTs in the form of actual t-shirts, virtual cards, digital clips, and much more. It’s only a matter of time before all leading sporting events adopt the security benefits that NFT’s can bring towards tickets for entry.

Disclaimer:

The information discussed here is not financial advice. This is for educational and informational purposes only. DYOR before making any investments and consult your financial advisor. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

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; The Founding Monkey @Gav_Berry ·

27 Jul 1684589423692853248

If you read between the lines I think it’s pretty obvious that @elonmusk will be integrating @dogecoin into @X as the preferential payments solution. Most likely tied to ad spend and payments to creators also.

The 3 screenshots below have subliminal messages hidden within them…

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; Cointelegraph @Cointelegraph ·

8 May 1655644988175437824

According to a report from The Wall Street Journal, Chinese companies are studying methods to develop AI via weaker semiconductors and combinations of chips to bypass reliance on a single type of hardware.

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; The Founding Monkey @Gav_Berry ·

29 Apr 1652281882002718720

People seem to be forgetting that BTC.D generally increases in a bear market not a bull market.

In bull markets Alts out-perform #bitcoin and in bear market Alts capitulate harder than #Bitcoin

Don’t be so sure that an explosion on BTC.D means an explosion for #Bitcoin

99.9%…

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; Drunken Monkey Members Club @DrunkenMonkey ·

21 Apr 1649391607798480897

Research shows that only a few #NFT projects will survive, those with Utility and those that are building vigorously throughout the Bear Market.

Fortunately we very much tick both of these boxes.

#Crypto Twitter, you have been warned on multiple occasions.

Tag your friends…

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; Drunken Monkey Members Club @DrunkenMonkey ·

21 Apr 1649384569567625216

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; 🐒The Social Monkey🐒 @G_DMMC_83 ·

17 Apr 1647998662629261312

@crypto_bitlord7 @Gav_Berry is a 💎

Never fade @DrunkenMonkey

Very big things are already here, not all professionals are aware of the services owning a membership has.

Yet

I’m surprised you don’t own a few digital assets to be fair bro

🌍

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; The Founding Monkey @Gav_Berry ·

16 Apr 1647705698040414212

As this bear-market rally finally comes to a close, we have one last episode, and that is the bear market Alt season…

Stables > #Bitcoin > #Ethereum #Altcoins > Stables….

Remember the pattern…

Tight stop-losses, Let’s go 🚀

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; The Founding Monkey @Gav_Berry ·

4 Apr 1643345006214762502

ETH 2.0 Shanghai upgrade (Thread)

Liquidity Staking Derivatives (LSDs)

Here is the story - (1)

Most will be aware of the #ETH 2.0 and the #Shanghai upgrade which comes to fruition on April 12th. 18 million ETH will become unlocked on April 12th, will this cause a sell-off?…