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Today’s Cryptocurrency Headline

Samsung Electronics America has reached a partnership with Decentraland, an Ethereum-based virtual reality platform, and the virtual version of Samsung’s 837X store will be opened in Decentraland for a limited time. Samsung said, “This is one of the largest brand land takeovers in the history of Decentraland”. Earlier this week, Samsung also announced that its new smart TVs will support users to purchase NFTs.

BingX’s Bitcoin Chart

Source: TradingView& BingX

Data from CoinGecko shows that the Bitcoin dominance is at 37.4%, the lowest level since 2018. The current market value of the entire cryptocurrency is nearly 2.2 trillion U.S. dollars, and the Bitcoin market value is 817.7 billion U.S. dollars, a slight drop from the 1.27 trillion U.S. dollars in November last year. BTC price stabilized at around $43,000 later today, and more than $318m Bitcoin positions were liquidated on Wednesday, of which over 88% were long, news of a mining ban in Kazakhstan and the United States Federal Reserve’s decision to hike rates were likely the causes. If BTC breaks the $42,000 support level, it could drop to $40,000.

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