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Crypto Market: Weekly Digest

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Last week, optimism began to return to the crypto market.
This is partially down to lower liquidity in traditional
markets due to the Christmas holiday. Some altcoins were
able to move by high double-digit percentages.
On the whole, the news environment was mixed.
Cryptocurrencies found support from reports that social
media platform Instagram could add support for non-
fungible tokens (NFTs) in the future.
News also emerged that trading volume on centralised
crypto exchanges in 2021 exceeded $14 trillion. This
record volume was brought on by projects geared towards
institutional investors.
The optimism was tempered by reports that the Central
Bank of Russia has once again started to discuss
prohibiting cryptocurrencies. The regulator is considering
several options for limited investments in the
cryptocurrency market.

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