Forex. Cryptocurrency Forecast for today.
Now the digital asset is trading in the range of 42430 - 41290 dollars. After sharp movements in the market, market participants adhere to a wait-and-see position.
The capitalization of the cryptocurrency market by the end of Tuesday amounted to 1.97 trillion US dollars against 1.96 on Monday.
The US dollar strengthened sharply in the American session, at the same time, banking metals and the cryptocurrency market weakened. US Treasury bond yields rose on Tuesday amid expectations of a rapid tightening of monetary policy by the Federal Reserve System (FRS) in order to contain record inflation.
Meanwhile, the largest American retail company Walmart has filed documents with the US Patent and Trademark Office for the registration of its own cryptocurrency and non-interchangeable tokens (NFT).
According to media reports, the company filed at least three applications at the end of December, informing the regulator of its plans to register a trademark for digital currency, a cryptocurrency trading service using blockchain technology and downloadable software that can be used both in e-commerce and augmented reality.