| Is the bear market done and dusted? If you cannot see the email below, please click here to see the web version. Dear FreeBitco.in User, You are receiving this email because you are an active uer at FreeBitco.in. Your User ID 4327909 was last active on 2022-12-10.  LAST WEEK IN CRYPTO Hello FreeBitco.in Users! Let's take a look at what happened Last Week in Crypto: ➤ Has BTC Bottomed? CPI Data Skews Positive, BTC Hits One-Month High BTC | BITCOIN $17896.00 +3.62%  On Dec. 13, the Bitcoin price hit a one-month high, recording an intraday high of $18,109 and sending a wave of optimism through the market. The primary catalyst for this rally seems to be the latest CPI data that showed easing inflation at 7.1%. 7.3% being the forecast, traders reacted to the positive data by driving upwards not just the crypto market, but also the stock market (Dow up 500 points, S&P500 up 100 points.) On the chart, Bitcoin seems to have recaptured the 20-day EMA, however, its foray to $18,000+ was cut short by the 50DMA which still provides stiff resistance. At the time of writing, BTC trades at $17,780. A recapturing of the 50DMA could potentially trigger a rally to $19,000. However, heavy selling at higher levels remains a concern, and further upside would be easier said than done. Here's How You Can Win Big This Week      DOWNLOAD XFUN WALLET   CRYPTO NEWS WEEKLY ROUND UP Ethereum Devs Set March 2023 Deadline for Shanghai Hard Fork  On Sep. 15, 2022, Ethereum's much-anticipated transition to Proof-of-Stake was completed. With close to 3.5 million ETH staked, the future looks promising. However, this staked Ether (stETH) is currently locked, and users can only withdraw their funds along with any staking rewards after the Shanghai Hard Fork. According to a discussion at the 151st Ethereum Core Developers Meeting on Dec. 8, the Shanghai Hard Fork could tentatively go live in March 2023. Furthermore, the devs are aiming to launch the EIP 4844 upgrade in May or June 2023. This upgrade will introduce ''proto-danksharding,'' a stop-gap solution to bring Ethereum rollup fees down, promoting an ecosystem-wide move to rollups like Optimistic. This will assist scaling efforts in the short and medium term. Crypto.com Releases Audited Proof of Reserves  Since FTX's collapse, crypto users have been watching centralized exchanges closely. The wider community and exchanges themselves have been calling for higher transparency and accountability, and Crypto.com seems to have obliged. According to a Dec. 9 statement on Crypto.com's website, the exchange has released an audited proof-of-reserves page that shows it has enough crypto assets to back its liabilities. The page shows that Crypto.com has BTC, ETH, USDC, USDT, etc. reserves above 100%. The audit was conducted by Mazars Group and is accurate as of Dec. 7. The page also provides users an open-source method to self-audit the exchange's reserves. STAY TUNED FOR THE LATEST NEWS EVERY WEEK Keep an eye on your inbox for your weekly dose of cryptocurrency news, updates, trends, analysis, and more. 
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CPI 7.1%, BTC Hits One-Month High.
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