Cryptocurrencies brace for winter, virtual Adidas and a bitcoin city
Bitcoin news

Cryptocurrencies brace for winter, virtual Adidas and a bitcoin city

Cryptocurrencies survived one of the largest market shocks since the earliest days of the pandemic last week, with El Salvador a notable dip buyer, while investors decided not to share Adidas’ excitement over a foray into the buzzy metaverse. El Salvador’s plans to build the world’s first “Bitcoin City” https://www.reuters.com/markets/rates-bonds/el-salvador-plans-first-bitcoin-city-backed-by-bitcoin-bonds-2021-11-21 and Adidas’s entry were the bright spots for digital assets in a week that saw major cryptocurrencies clobbered by fears over the new coronavirus variant Omicron. Bitcoin was down 0.5% on Monday and has lost about 17% of its value from a record $69,000 over the past 19 days.