Bitcoin (BTC) Dumps To New Dip, Nike Acquires NFT Start-Up, Polygon Starts Burning MATIC: GetBlock’s Day in Crypto #17

Company

GETBLOCK

December 14, 2021

3 min read

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Iconic sportswear manufacturer Nike joins the corporations’ race to metaverse following the acquisition of NFT studio RTFKT.

Bitcoin (BTC) prints local low at $45,600

Bitcoin (BTC), a flagship cryptocurrency, drops to another local dip below $46,000 level. An orange coin can’t gain enough power to hold above $50,000 for long amidst bearish sentiment dominance on crypto and stocks markets.

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Image by Binance

Highly likely, this dropdown should be attributed to the uncertainty about the new COVID-19 variant ‘Omicron’ and the upcoming Wednesday’s Federal Reserve meeting on inflation and asset purchases prospects of the U.S. government.

Overall market sentiment shows the first signs of recovering, While still in the ‘Extreme Fear’ zone at 21/100, it slightly increased in recent days.

To provide the context, it should be noted that last week, the ‘Fear and Greed’ index touched its multi-weeks low at 16/100 for two times in a row.

Nike acquires a16z-backed NFT team RTFKT

Nike, a leading producer of sportswear and equipment, joins the NFT bandwagon with the acquisition of RTFKT, a pioneering NFT-centric art studio and marketplace.

Company

GETBLOCK

December 14, 2021

3 min read

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