The crypto market is in a moment of total uncertainty, in a fairly flat week that has left all investors watching very closely. They have been quite busy days in terms of events, some of them generating quite a bit of controversy in the crypto world.

Uncertainty about the short-term future of cryptocurrencies continues, after a week full of indecision by investors, which was reflected in assets’ prices, since practically no significant movements were generated. Some US analysts consider that the current level of Bitcoin could be decisive even to end the crypto winter, but others expect an even greater crash, as soon as the this level is broken. Determining point, the question is, who will be right?

We begin with quite controversial news, and that is that the most famous novel in the crypto world continues, the situation of Terra (LUNA). Do Kwon, co-founder and head of Terraform Labs is now one of the most wanted men by Interpol, who has issued a red notice against him, which seeks to alert the police services of all the countries of the world about the fugitives, putting them in the crosshairs of all countries. This was issued last Monday, so that the police of all the countries of the world carry out their search, in an attempt to locate this controversial character who was part of one of the most critical events in the history of cryptocurrencies.

South Korea’s foreign ministry has also stepped in and hopes to cancel Kwon’s passport, in a bid to force his deportation, after South Korean officials have charged Kwon and five others with crimes including violations of the capital markets law. Nothing is yet known about his whereabouts, he has declared himself a “fugitive”, and rumors that he left to Singapore continue.

Is the crypto dollar coming? Jerome Powell, president of the Federal Reserve, has spoken again about the imminent digital dollar, publicly assuring that it will not be anonymous, but will have privacy protection, and is also working on issues related to intermediation and interoperability. In other words, as we all expected, it would be a fully centralized asset. However, he has also mentioned that the United States has not yet decided whether it will be part of those countries that have chosen to implement central bank digital currencies (CBDC).

Powell spoke about this possible digital currency during his presentation at an event organized by the Banque de France, stressing that the main objective of the FED is to find a balance between the protection of user privacy, as well as identity verification to generate transparency and avoid bad financial practices.

Returning to the news that generated the most controversy in the week, a great discontent has been generated among the NFT community towards the technological giant, Apple, as the company is looking to incorporate non-fungible tokens into their App Store, but there is one big problem: extremely high commissions.

This has caused a large number of NFT projects to speak out against the company, since they consider that the policies of its App Store are quite abusive, since they established a 30% commission for all those who wish to market their tokens in the platform. Yes, you read that right, 30%! It’s crazy!

It should be noted that some other NFT trading platforms, such as OpenSea, charge around 2.5%, so there would be a world of difference for those looking to access the iPhone user base, which is quite attractive at over 1,000 million individuals.

In other news, cryptocurrency exchange FTX has won the auction to buy cryptocurrency trading platform Voyager for a total of $1.4 billion. Voyager filed for bankruptcy last July, after being unable to withstand the sharp drop in the crypto asset market.

The offering includes $1.3 billion for the fair market value of Voyager’s digital assets, plus “additional consideration” of $111 million in anticipated incremental value.

It should be noted that there were several contenders in the race to acquire these assets, including Binance and Wave Financial, but Sam Bankman-Fried’s company managed to keep them out.

If we are talking about controversy, we could not let the Ripple situation go by, and it is that XRP has skyrocketed in recent days, since it seems that it is getting closer to winning that demand that has been waiting for us for a long time. A favorable district court ruling has been generated for Ripple Labs in its case against the SEC, as the regulator has attempted to withhold documents that Ripple Labs considers critical to its case.

These documents included a speech by the director of the Corporate Finance Division at the SEC, William Hinman, which took place in 2018, and assured that Ether was not considered a security. This would be a key point that the company would take advantage of in its defense, so we will have to be on the lookout for a resolution of this situation.

Bitcoin is currently above $19,430, near a quite interesting resistance zone where it has been bouncing for several days now at $19,468. It is worth mentioning that the price is also pretty close to a descending resistance zone that we have been analyzing for several weeks now, and the price of the asset seems to continue rejecting in this zone. Will this point be a determining critical level for the short-term future of Bitcoin?

BTC/USDT 1D (TradingView Chart).

For its part, Ethereum is trading above $1,300, and unlike Bitcoin, it seems to bounce off a support zone at $1,282, so the outlook looks a bit more bullish. However, we know the high correlation that exists between both assets, so in case a sharp drop is generated, a downward movement to $1,000 is not ruled out.

ETH/USDT 1D (TradingView Chart).

Uncertainty seems to be a constant in 2022, since the economic situation and the position of large investors are not the best. On the other hand, the acceptance and growth of the cryptoactive ecosystem seems to grow rapidly, so despite the fact that there is great indecision in the short term, in the long term it seems to be a very interesting scenario. Remember that it is vitally important that you do your own research when entering this world. Without further ado, we wish you an amazing week.