As the week came to a close, Bitcoin was looking (little) better. The price then plummeted once more. BTC fell back below the $40,000 price barrier after achieving slight gains on Thursday to reclaim its position above $43,000. According to CoinMarketCap, it didn’t stop until it reached $38,592, its lowest price since August 2 of last year.

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Bitcoin is not alone in seeing an 11% decrease. Over the previous 24 hours, Ethereum has lost 8% of its value, Binance Coin has lost 10% of its value, and Cardano has lost 9% of its value.

No currency or token in the top 20 by market capitalization (excluding stablecoins) has registered a weekly gain; the majority has reported double-digit losses. 

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The overall cryptocurrency market cap is presently at $1.83 trillion, down from $2.93 trillion on November 8. It is down by more than 7% over the last day.

Bitcoin fear and greed index on Friday, January 21, 2022, went from the extreme fear level of 24 to the level of 19 as per the alternative. me. The Fear and Greed index is a technique for assessing investors’ emotions toward the market.

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Bitcoin is currently trading around $38,694.77, down 7.90%. In the last 24 hours, the highest it touched was $43,413.02 and the lowest was $38,560.45. Bitcoin has a current market cap of $732,714,895,291. It has a circulating supply of 18,935,800.00 BTC coins and a maximum supply of 21,000,000 coins.

Twitter Blue has released NFT profile pictures for iOS

Twitter announced that it would be rolling out iOS support for a non-fungible token, or NFT, hexagonal avatars. As of now, only paid subscribers of Twitter Blue using iOS, which costs $2.99 per month, can access the feature. According to a tutorial video, users can connect their wallet, including Coinbase Wallet, Rainbow, MetaMask, Trust Wallet, Argent, or Ledger Live, and set it as their profile pic, with the process taking a few seconds. Users can also learn more about each other’s NFT avatars, such as their owners, creators, description of the series, as well as verification of authenticity on third-party platforms like OpenSea. According to Twitter, the platform does not maintain an ongoing connection with one’s crypto wallet. However, the firm stores one’s the public wallet address to ensure that it continues to hold the NFT avatar. Although one can only set it on iOS through Twitter Blue, the NFT profile pic will be visible across all platforms.

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El Salvador aims at offering crypto-based loans to small and medium-sized businesses

El Salvador plans to offer small and medium-sized companies (SMEs) $10 million in crypto-based loans as of the first quarter of 2022. Acumen, Solana-based lending and borrowing platform will provide U.S. dollar funding to El Salvador’s National Commission for Micro and Small Enterprises (Conamype), a government entity that plans to allocate financing to local informal entrepreneurs and self-employed workers, Conamype’s president Paul Steiner told CoinDesk. Acumen’s loans will have an annual interest rate of 6% to 7%, although it could reach up to 10%, Acumen’s project manager Andrea Gómez told CoinDesk. According to Steiner, 86% of the companies in El Salvador operate in the informal sector and do not have access to banking services. Of that percentage, 98% rely on unregistered lenders offering loans at annual interest rates of 2,300%, on average, he added.

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Robinhood begins testing cryptocurrency wallet

Retail trading platform Robinhood Markets (HOOD) has launched a beta version of the company’s crypto wallet, selecting 1,000 customers from its waitlist. Robinhood will expand the test to 10,000 customers by March before further expanding it to the rest of its WenWallets waitlist, according to a blog post-Thursday. The company said it will add a function for customers to calculate the dollar amount of crypto to send and receive. Beta testers will have a daily limit of $2999 in total withdrawals and 10 transactions and will need to enable two-factor authentication. The testers will help Robinhood assess the wallet’s functionality and provide feedback to the company.