Bitcoin (CRYPTO: BTC) is consolidating around $21,300 whilst digital asset management firm, CoinShares, reported outflows for crypto focused funds for the second week in a row. As trading volume dropped to $1 billion, the second lowest this year, crypto funds saw minor outflows of $9 million.
On Monday, shares of Adyen N.V. (OTC: ADYEY) experienced volatile short activity. After the activity, the stock price went down -9.13% to $16.22.
The overall sentiment for ADYEY has been Bearish.
On Monday, shares of Itaú Unibanco Holding S.A. (NYSE: ITUB) experienced volatile short activity. After the activity, the stock price went down -0.78% to $5.06.
The overall sentiment for ITUB has been Bullish.
As institutions and legacy companies become increasingly involved in the metaverse, it’s prudent to evaluate why this is happening, and what it means for everyone else. Two years ago, any investment from the “traditional” sectors would be unexpected, but now they're all in.
The NFT space continues to be impacted and feeling the heat even more. Coming into the third week of August, the global sales volume for NFT is around $639 million. With that, this could be the third consecutive month that NFT sales fall below the $1 billion mark.