Will things get worse for Bitcoin before they get better?

Got three minutes? We'll catch you up on the past seven days. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 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 Happy Sunday! Here’s a look back at the crypto stories you may have missed over the past seven days. Bitcoin looked posed to head toward $50,000 at one point — but struggled to stay above $45,000… and returned back to $40,000. And if you've been following the news closely, you will have noticed that all of these ups and downs have coincided with developments in the Ukraine crisis. The prospect of a Russian invasion is spooking Wall Street — and right now, the world's biggest cryptocurrency is moving in lockstep with stocks. Pantera Capital's Dan Morehead believes a decoupling between these two asset classes is on the cards… but he stopped short of saying when. On Friday, Joe Biden said he was "convinced" that Vladimir Putin has already decided to invade Ukraine… and intelligence suggests it will happen in the coming days. If this turns out to be right, things will likely get worse for BTC before they get better. Five things we learned this week 1. [Melania Trump is launching another NFT collection.]( A report by Bloomberg also suggested that the crypto used to purchase her last range of NFTs came from a wallet linked to the project behind the sale — indicating wash trading may have been at play. 2. [There are growing fears that crypto could pose a financial stability threat.]( The Financial Stability Board doesn't like that digital assets are increasingly interconnected with traditional systems — meaning volatility could spill over into the markets. 3. [The digital yuan hasn't been used all that much at the Winter Olympics.]( Mu Changchun, the head of the central bank's Digital Currency Research Institute, says total transactions involving the e-CNY have averaged just $315,761 a day. 4. [In just 60 seconds, 20 million scanned the QR code in Coinbase's ad.]( Although Coinbase had been prepared to handle millions of hits, chief marketing officer Kate Rouch said "the volume we experienced was astounding in comparison to projections." 5. [The U.K. has seized NFTs in an investigation over tax fraud.]( Her Majesty's Revenue and Customs took control of three collectibles amid allegations there was an attempt to defraud the taxman out of £1.4m ($1.9m.) The week ahead Here are just a few burning questions: — How will Bitcoin react if the Ukraine crisis gets worse? — Will there be any further news on interest rate rises from the Fed? — Will the police succeed in dismantling the Freedom Convoy protests… and what about the BTC that was raised for them? Three essential reads on CoinMarketCap Alexandria — [Understanding Ethereum, A Beginner's Guide:]( Ethereum launched in 2014 and is one of the best performing cryptocurrencies, returning over 16,000x since its initial token sale. Learn about the history of Ethereum and how it works. — [How to Contribute to Crypto And Web3 Without Writing Any Code:]( Want to bring value and participate in the crypto and Web3 ecosystem but not sure how? Besides coding, you can also contribute by writing, aggregating content and much more. — [What Are P2E Coins, and Why Are They Doing So Well?]( Why are some GameFi tokens doing so well in this relatively bearish market? Listen to this! — The [CoinMarketRecap]( podcast comes out every Friday — join Connor and Molly Jane as they discuss all of the week's top stories. — And over on [YouTube]( we tell you all about the five key steps for spotting a rug pull. 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 [Update Settings]( | [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States