Meta is slashing another 10,000 jobs

Could BTC be knocking on the door of $30,000 soon? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.13T (+7,16%) 24 Hour Volume $97.30B (+1.16%) Notable Movers[(FIL) $7.05]( (+15.06%) Notable Movers (DeFi)[(FTM) $0.4737]( (+18.11%) Bitcoin Dominance 44,42%[(+1,29%)]( Bitcoin Price[(BTC) $26,000.00 (+10.26%)]( Ethereum Price[(ETH) $1,750.00 (+6.08%)]( Cardano Price[(ADA) $0,3650 (+5.23%)]( [Today’s Top Stories ]( Today’s Top Stories [Bitcoin's face-melting rally continues]( 🔥 Bitcoin raced through $26,000 on Tuesday — a new high for 2023. The world's biggest cryptocurrency has been buoyed by easing fears surrounding Silicon Valley Bank and Signature Bank. BTC is now at its highest level since June 2022 — piercing a price point that has been elusive for bulls. The U.S. Consumer Price Index came in at 6% for February — in line with what economists had been expecting. And while this is well above the Federal Reserve's target of 2%, this is the lowest year-on-year increase in 18 months. All eyes will now turn to the Federal Reserve, and analysts on Wall Street are anticipating an interest rate hike of 0.25 percentage points at the next meeting. Just a week ago, 0.5 percentage points was expected. [Meta is abandoning NFTs…]( ❌ A senior executive has revealed that Facebook and Instagram are "winding down" support for NFTs. On Twitter, Stephane Kasriel said that the tech giant is looking for "other ways to support creators, people and businesses." Meta — which owns both social networks — had jumped head first into digital collectibles, rolling out this functionality to 100 countries. But their efforts have made little impact, with demand for NFTs dampened by a punishing bear market. This is a huge blow for the sector, which had started to gain mainstream recognition after a dramatic bull market in 2021. But a number of big names have struggled to make an impact with their own NFT marketplaces — Coinbase among them. […and cutting another 10,000 jobs]( 😱 Meta has announced that it is cutting another 10,000 jobs. The embattled tech company is shrinking its workforce dramatically, and this comes hot on the heels of 11,000 people being let go last November. Mark Zuckerberg has declared that he wants 2023 to be a "year of efficiency" — but analysts and shareholders have continued to express concern about the vast sums being spent on the metaverse. In a Facebook post, the CEO once again touted the metaverse's potential "to deliver a realistic sense of presence" and added: "Our leading work building the metaverse and shaping the next generation of computing platforms also remains central to defining the future of social connection." [Will banks still work with crypto firms?]( 🏫 A number of top global banks are still willing to work with crypto firms, according to a CoinDesk report. Messages viewed by the news outlet, from its parent company Digital Currency Group, suggest there have been positive responses from the likes of Santander, HSBC and Deutsche Bank. Incidentally, HSBC's British arm snapped up the U.K. division of Silicon Valley Bank for £1 — that's $1.21 — on Monday. It's also been revealed that DCG has made contact with BlackRock, JPMorgan and Bank of America. Many crypto firms are looking for new banking partners after Silicon Valley Bank, Silvergate and Signature all went under in one week. They enabled exchanges and other businesses to transact instantaneously and 24/7 Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Brought to you with ❤️ from CMC Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States