| ETH shakes off midweek losses to rise above $1,600. 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 2023-01-17.  LAST WEEK IN CRYPTO Hello FreeBitco.in Users! Let's take a look at what happened Last Week in Crypto: ➤ BTC Almost Breaks 10-Year Record BTC Posts an Impressive Rally, Nears 10-Year Record BTC | BITCOIN $22953.00 +0.12%  BTC continued its amazing start to 2023, surging to $23,500 last week. Bitcoin posted 14 consecutive winning days and nearly matched a 10-year record (15 winning days) last week. This was followed by a minor correction before BTC rallied by 7.5% on Jan. 20. At the time of writing, Bitcoin trades at $22,685. Breakthrough or bull trap: the debate rages on among analysts and experts. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone believes that recessionary macroeconomic conditions are still the ''primary headwind for Bitcoin.'' The bull trap sentiment has been echoed by several analysts, while others believe a bull flag breakout is incoming. Bitcoin's Fear and Greed Index stands at 50, at the time of writing. Here's How You Can Win Big This Week      DOWNLOAD XFUN WALLET   CRYPTO NEWS WEEKLY ROUNDUP ETH Bumps Into Resistance at $1,600, Ethereum L2 Networks Set to Continue Explosive Growth  The week began by ETH testing resistance at $1,600 before being pushed down to $1,500. The sellers tried to trigger a deeper correction, but the bulls bought the dip at $1,500, indicating buying interest at higher levels. The bulls have to aim to push the price above the $1,600 to $1,680 overhead zone which could further propel ETH to $1,800. The price could face significant resistance here, but a recapture of this level could help ETH reach $2,000. Over the last couple of months, Ethereum layer-2 solutions have experienced explosive growth. These networks have seen a rapid increase in daily active users, with Polygon recording 30% growth since October, Optimism recording 190%, and Arbitrum One recording a 40% growth. DappRadar Report: NFT Sales in 2022 Increase by 67% From 2021  According to a recent DappRadar report, NFTs continued to contribute crucially to the growing Web3 scene last year. The report revealed that NFT sales reached 101 million in 2022, a 67% increase over 2021. The Ethereum ecosystem holds 21% of the market share (highest), with over 21.2 million transactions processed, followed by Wax (14.5 million), Polygon (13.3 million), and Solana (12.9 million). 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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Bitcoin Posts 14-Day Winning Streak
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