A Citi report said that the metaverse market value could reach $13 trillion, but metaverse platforms have struggled to attract committed users; Bitcoin climbed past $31K again. TheSamReynolds and JPRubin23 report
Bitcoin surged back above the $31,000 threshold late Tuesday following the introduction of athat would address a number of major regulatory questions dogging the industry. Ether and other major digital assets also rose in the afternoon, regaining ground lost earlier in the week.
Ether, the second-largest crypto, was recently down over 1%, trading just above the $1,800 level. Other major altcoins were mixed with SOL off more than 7% but LINK up over 8%. Sentiment remained bearish. Equity markets, which have swung up and down in recent days as investors digested a few upbeat tidbits along with their recent diet of bad news, climbed on Tuesday with the tech-heavy Nasdaq, S&P 500 and Dow Jones Industrial Average all up more than a half-percentage point.