Crypto week at a Glance: Volatility persists, Ethereum upgrade deferred

economictimes.indiatimes.com:

This continues to drive extra short-term volatility in the crypto and stock markets. The crypto market has tracked the stock market in recent months. This makes it more intertwined with global economic factors. Bitcoin’s high point remained in the early days of January, when it hit almost $48,000 on January 2. So far, Bitcoin has stayed above its late January low point below $34,000.

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This was the lowest it had been in the previous six months. Since November 10, Bitcoin had lost more than 40 per cent of its value when it reached an all-time high of $68,000. Even though the price of Bitcoin has seen massive volatility since November 2021, its new highs in 2021 and current price are an impressive feat considering the fact that its price was below $10,000 in July 2020.Coinbase launches NFT marketplace. NFT enthusiasts worldwide have an essential marketplace for trading their digital collectables. Coinbase, the latest crypto exchange in the USA, has recently launched its personal NFT marketplace in beta mode. In this timeframe, a small set of beta testers would be allowed to create a Coinbase profile to purchase and sell NFTs by using a wallet. There won’t be any transaction fees. However, the platform would eventually add fees. This would be aligned with Web3 industry standards.Ethereum upgrade delayed The massive software upgrade of Ethereum, known as the “the Merge,” won’t happen in June 2022, according to Ethereum developer Tim Beiko. On April 11, Beiko tweeted that “the Merge” won’t happen in June. He followed up with