The crypto market closed the previous week with a lot of hope and optimism after last Friday we saw a bullish movement that had not been seen for quite some time, driven by its older brother, the stock market.

Cryptocurrencies managed to get out of that bearish streak last week, starting on Friday. After the quarterly reports of some of the most important companies in the stock market, including Amazon, were published. Their earnings reports showed quite positive results, which generated a lot of optimism and peace of mind for investors, since days before Meta Platforms Inc. (formerly known as Facebook), announced for the first time that they were losing users as the days went by, which led the value of the company’s shares to take significant losses. This had generated some panic among investors, as it was speculated that it was a situation of the market in general, and that other companies would report similar results. However, this was not the case and we were able to witness a rally that took Bitcoin to exceed $40,000 again, with a growth of almost 10% on that day. Nayib Bukele’s government maintains its stance! As mentioned in the previous week’s blog, the International Monetary Fund asked El Salvador to get rid of the law that establishes Bitcoin as legal tender, to which he responded with a very ironic meme. Subsequently, the Salvadoran government reiterated that they will not heed the IMF’s request, since they are a totally autonomous country, and hinted that the International Monetary Fund was only seeking to take advantage of the collapse of crypto assets to intervene in its monetary policy. In other news, the Wormhole blockchain network, which has functioned as a bridge between the Solana and Ethereum networks, was the victim of a massive hack, in which the attackers managed to steal around $320 million. Subsequently, the network was momentarily suspended, while the team of developers was in charge of patching the vulnerability to later announce it publicly. Last Friday, social networks burst when the famous artist Niclas Castello, mounted an artwork whose figure was a 24-carat gold cube in the middle of Central Park. Said work is valued at 10.7 million dollars, and it is being is being guarded by several security guards. However, you may wonder, what does all this have to do with the cryptocurrency market? Well, the artist has also launched an NFT token called “Castello Coin”, which can be purchased on his website by around 50 cents. Bitcoin is above $43,500, apparently with quite a bit of bullish strength that could propel the asset to at least above $46,000, where it will re-encounter a fairly critical zone. BTC/USDT 1D (TradingView chart). MANA seems to recover significantly, as it is currently above $3.31 after several days of strong bullish movements. The next important price level is near $3.49. MANA/USDT 1D (TradingView chart). In addition to the market receiving an injection of optimism after the quarterly reports of the companies, we have witnessed quite interesting events this week, which show the evolution and the impact that the crypto market is generating in all sectors of the economy. and society. However, let us remember that we are still within a panorama of considerable uncertainty in which anything can happen. Without more to add, we wish you an amazing week.