Bitcoin remains above $ 20 and The Merge is getting closer to Ethereum

Bitcoin Still above $ 20, after it briefly sprang above $ 000 last week (for the first time since mid-June), still showing signs of immunity.

The cryptocurrency has been moving in this area for over a month, stopping the sharp declines from the beginning of the year. BTC is currently trading at around $ 20 eToro platform.

EthereumIt has been in the range of $ 1000 to more than $ 1200 since the big drops in April-June, and is currently just above $ 1100 on eToro.

All attention is now focused on Ethereum as the network connection is getting closer. The main trials went smoothly, and everything indicates that it will be soon. Although it is not possible to say what impact the transition to the proof-of-stake model will have on the price of cryptocurrencies. In theory, this is deflationary as it encourages holders to place stakes rather than selling their tokens.

While the broader price ranges in the cryptocurrency market are well below the highs recorded last year, they are normalizing, and in the past few weeks, most eToro tokens show more stability.

The message for investors right now is to hold tight and watch the market. Noticeable regular institutional movement and the continued growth of the sector are key indicators showing that the game is not over yet. However, it should be remembered that diversification within the sector, as in any asset class, is necessary to reduce risk.

VC on the hunt for cryptocurrencies

VC Konvoy launched a $ 150 million fund to seek out gaming opportunities based on blockchainie. The launch of the fund is a good example of interest in the blockchain and cryptocurrency market despite constant market adversities.

Konvoy is looking at a fairly specific segment of crypto in games and blockchain, but both are part of a significant growing area rich in innovation. Gaming is a huge industry and blockchain-based projects are an increasing part of it.

In recent weeks and months, we have seen examples of the flow of VC and other interest capital to finance cryptocurrency projects. While this is neither a drop in the sea nor a market-creating proposition, it is clear evidence for investors that despite depressed market valuations, there is still room for future investment in this sector.

Fund managers are lobbying for access to blockchain funds

Fund managers are calling for access to blockchain technology to help leverage distributed ledger technology in fund trading. At a time when blockchain and cryptocurrencies are so vulnerable, comments from the Investment Association open your eyes to new opportunities.

IA says she would like the UK to adopt a new class "Blockchain trading funds"that use distributed ledger technology to perform and record transactions. In many ways, the group is the voice of the old fund management sector, so see so its call for blockchain solutions is very encouraging.

It is clearly visible here that the main representative of the TradFi sector sees the value in blockchain technology and - to put it bluntly - would like to take advantage of it. In the present circumstances, this is a very positive signal for the cryptocurrency sector, which is looking for this type of infrastructure solutions.

Reddit launching NFT

Popular digital discussion forum Reddit launched the avatars NFT, along with the market to obtain them. While it's neither the first nor the last to make its way into this space, Reddit has an extensive user base and is likely to use this as an argument to expand cryptocurrency technologies for its platform.

It is not a leader in this sector, but it is a positive indicator that the market still has a lot to offer. Since its launch, NFT has experienced a real rollercoaster. The direction of the sector's development and the quality of some offers are discussed, but ultimately it does not differ from the early days of cryptocurrencies, which at the moment are much more developed and sophisticated in terms of ideas and offers.

Problems will arise with any emerging market, but ideas and innovation remain relevant. Organizations like Reddit are taking the opportunity to get involved frequently, which will make space grow organically in the long run.