Market Movers
White House urges a crypto strategy
The Office of Science and Technology Policy (OSTP) at the White House is looking for input regarding crypto strategy. OSTP is looking into R&D projects that might be able to help the Fed with its research and experiments related to CBDCs.
EU natural gas falls 20% in one week ๐
The price of natural gas in Europe tumbled for the fifth day in a row, dropping below 54โฌ on Friday. Prices have dropped 20% in just one week and are now close to levels not seen since September 2021.
Tesla hodls its bitcoins
Tesla announced it didn’t sell any Bitcoin in Q4 2022. However, its portfolio was at $184 million, down from $218 million at the end of Q3 due to the drop in Bitcoin’s price. This loss should now be erased as Bitcoin surged massively in January.