Cryptocurrency payments will be added to Apple Pay?

Cryptocurrency markets were hesitating late last week as concerns about inflation and geopolitical concerns triggered a re-sell-off. Bitcoin started the week above $ 41 and rose to a high of $ 500 on Thursday. However, new market concerns about geopolitical tensions between Ukraine and Russia pushed the price down towards the end of the week, with BTC now costing around $ 45.

Ethereum, meanwhile, started the week below $ 3000, before hitting an all-time high of $ 3237 on Thursday. eToro platform. The price has since dropped and is now around $ 2850.

Due to the inflation data, investors will watch developments in Eastern Europe. The Fed also announces its latest monetary policy decision and many expect more decisive action. While many of the Fed's future plans are already covered in the cryptocurrency markets, any signs that it may be moving faster and harder will have a potential negative impact on prices.

Changes to Apple's payments may soon be related to crypto payments

Users Apple Pay may soon be able to make payments using cryptocurrencies. Function launched soon "Touch to pay" is to include the integration of contactless payments with "Apple Pay, contactless credit and debit cards and other digital wallets". This directly opens the door to potential cryptocurrency wallet payments, assuming Apple is deliberately not preventing this option. Integration is potentially of great importance for cryptocurrencies. When PayPal added cryptocurrency integration to its infrastructure, it caused the market to grow exponentially. Apple's infrastructure is no less influential and can have an impact on cryptocurrency prices.

Bitcoin's Hashrate is rising again

Według Blockchain.com data, the Bitcoin hashrate, which measures the number of computers actively engaged in cryptocurrency mining, has set a new all-time record. Cryptocurrency Hashrate has been steadily increasing since July 2021 and has slightly decreased despite the recent declines in bitcoin's price. The greater stability of hashrate is a positive sign that the recent crisis is more related to temporary uncertainty than to the long-term commitment of important players such as miners.

The hashrate data tends to have an impact on bitcoin prices, so we may see some reduction in the current ATH, but bitcoin's price is well on its way to recovering the land lost in January. Hashrate at such high levels indicates more participants than ever before, which will translate into high confidence of long-term investors.

Gucci buys virtual land

Gucci bought land in Sandbox, which is an important step towards the Metaverse that could trigger a series of virtual land acquisitions from other trend-setting companies.

The purchase expresses interest in the luxury brand Metaverse and could mark the beginning of a race to lead in this area.

Luxury brands need to be innovative, so Gucci's move can be compared to similar designs in the NFT space. Following this step, we can observe if and which luxury brands will follow Gucci's footsteps.

Gucci will host a digital fashion experience based on the "Gucci Vault" in its Sandbox space. The Sandbox Token (SAND), which is available on the eToro platform, has seen a significant increase in price since 2020, but like the rest of the crypto market, also declines in 2022. The token hit ATH of $ 8,25 in November, but is currently trading below half that level, around $ 3,85.