What to watch out for in the week ahead

Everything you need to know to keep on top of crypto. This Week's Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! ICYMI: Your summary of the week in crypto At the start of last weekend, Bitcoin was at $29,300. Fast forward seven days, and it's now lost $20,000. There's uncertainty over what the fall below this psychologically significant level means. Will sell-offs accelerate, causing mass liquidations? Or are bulls finally going to step in to buy the dips? No one knows. But here are some facts: BTC remains closely correlated to the stock market, the economic outlook is gloomy right now, and interest rates will continue to rise because inflation hasn't been brought back under control. Put a different way, buying the dip right now is akin to catching a falling knife. Things are probably going to get a lot worse… and we might be some way from the bottom. Five things we learned this week 1. [Not everyone is laying off staff.]( It's been terrible to see so many dedicated crypto professionals lose their jobs in recent days. But there are reasons to be optimistic. CoinMarketCap and its parent company Binance are both continuing to hire talent. 2. [Musk wants crypto at Twitter's heart.]( During a virtual meeting with staff, he declared it "makes sense" for the social network to integrate digital assets. "Money is fundamentally digital at this point and has been for a while," he told them. 3. [Bored Apes are on sale right now.]( Beloved by celebrities, even the cheapest NFTs in this collection have been trading for six figures. All that's now changed. At one point this week, Bored Ape's floor price shrank to just 78.5 ETH — or $88,155. 4. [MicroStrategy is going nowhere.]( Well… according to Michael Saylor, anyway. He told CNBC his firm has a "fortress balance sheet" that has been carefully designed to ensure it can "HODL through adversity" even if BTC falls further. 5. [Traders are turning to screaming therapy.]( Stressed out after seeing their portfolios fall off a cliff, downbeat crypto investors are recording voice notes of themselves screaming on Telegram. Well… that's one way of relieving some pressure. The week ahead Here are just a few burning questions: — Will Bitcoin's death spiral continue? — What impact will volatility on Wall Street have on the crypto markets? — Are other projects in danger of following in the footsteps of Terra and Celsius? Three essential reads on CoinMarketCap Alexandria — [The dazzling story of the biggest crypto Ponzi in history:]( How did OneCoin get so big in 2016… and why did so many people buy it? — [What's going on with staked ETH?]( CoinMarketCap Alexandria dives into the stETH situation, from what caused the deviation from ETH price, to what impact it could potentially bring to the crypto market. — [How to research using CoinMarketCap:]( The first piece from CMC Research examines what's happening in the ongoing Celsius Network crisis — and how to use CoinMarketCap to do your own due diligence before investing. Listen to this! — Connor and Molly Jane discuss this week's top stories in the weekend edition of the [CoinMarketRecap]( podcast. Make sure you check out our daily episodes, too! — And over on [YouTube,]( we've got a nifty, animated explanation about tokenomics. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( %SENDER-INFO-SINGLELINE%