• Metaverse NFT trading volume hit new all-time high in Q1 2023.
• Bitcoin inches towards $28,000.
• MakerDAO votes to retain USDC as primary reserve asset.

Metaverse NFT Trading Volume Hits All-Time High

Non-fungible token (NFT) trading surged across virtual worlds in the first quarter of 2023, totaling $311 million so far this year and reaching an all-time high for virtual land trading with 147,000 trades. These are signs that the digital asset sector is rapidly growing and evolving.

Bitcoin Inches Towards $28K

Bitcoin gradually moved to just under $28,000 as traders digested the quarter-point interest rate hike by U.S. Federal Open Market Committee, in line with expectations. The BTC/USD pair rose 3.2% in the last session after gaining as much as 5.4% during the session and is now supported at 25372.3333 and resistance at 29758.3333 with the Ultimate Oscillator being currently in the positive zone.

MakerDAO Votes to Retain USDC as Primary Reserve

The MakerDAO community favored keeping the USDC stablecoin as its primary reserve asset for its DAI stablecoin; 79% of participants voted in favor of this decision on a ranked-choice basis while those who opposed favored diversifying reserves instead.

Daily Economic Calendar

The day’s economic calendar includes some key releases such as Netherlands’ Gross Domestic Product (GDP) at 05:30 GMT, Japan’s Jibun Bank Services PMI and Manufacturing PMI at 00:30 GMT respectively along with other significant economic indicators like Japan’s Jibun Bank Services Purchasing Managers Index (PMI).

Cryptocurrencies Performance

In addition to Bitcoin edging towards $28K mark, Ethereum ETH/USD skyrocketed 4.3%, Ripple XRP/USD exploded 5.1%, Litecoin LTC/USD skyrocketed 6%. All these pairs have been giving positive signals from their respective technical indicators backing our overall technical analysis for cryptocurrencies performance today..

By admin