Complete Gate Post tasks to upgrade your rank

Credit Ranking

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/blog/166563293266894988220221013-114826.jpeg)

## Crypto Daily Digest: <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> Struggles Amid Economic Uncertainty, IMF Proposes Cryptocurrency Risk Framework, Dapper Labs Announces More Layoffs

Good morning and happy Friday, traders! Just a quick heads-up, US consumer numbers are coming in hot today and non-farm payroll will be released next Friday, so watch out for volatility. Anyway, let's seize this day and make the most of it! 🚀

After a volatile session in the US, Asian equity futures predict a mixed start to the day. The S&P 500 ended a four-day decline and the Nasdaq 100 performed well, indicating an uptick in risk appetite. Oil prices also rose after snapping its longest losing streak since December. However, billionaire <a href="/price/quant-qnt" target="_blank" class="blog_inner_link">Quant</a> investor Cliff Asness warned that US stocks could face a macro shock if inflation does not decline as expected by the market.

<a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> briefly dropped on Thursday, but quickly bounced back to trade around $24,000, but as of Friday morning, BTC appears to struggle to break the above-said level. Investors were analyzing economic data and the minutes from the US Federal Reserve's Federal Open Market Committee meeting earlier this month. The cryptocurrency market has been struggling with macroeconomic uncertainty, and there is a risk that it may still be in a consolidation phase. The CME FedWatch Tool shows that some traders expect a 50 basis-point hike at the FOMC's next meeting in March.

The International Monetary Fund has recommended that its member countries work together to address risks posed by the increasing use of cryptocurrencies. The IMF identified concerns about monetary policy, fiscal risks, legal and consumer protection issues and proposed a framework of nine elements, including clear tax treatment for cryptocurrencies, strengthening digital infrastructure and alternative solutions for cross-border payments and finance. In other news, blockchain firm Dapper Labs has announced a new round of layoffs, with 20% of its full-time staff let go, just four months after cutting 22% of its employees.

 

## Topic of the Day: TikTok Joins the Web3 Revolution with Integration of <a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a>

<a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a>, a Web3 music streaming platform, has integrated with TikTok, allowing users to <a href="/price/link-ln" target="_blank" class="blog_inner_link">LINK</a> their TikTok profile to their <a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a> account. This move allows <a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a> to access TikTok's massive user base, potentially providing the platform with a larger audience of music lovers and creators. Users can also share <a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a> songs in their TikTok videos, potentially amplifying the reach of <a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a>.

Forrest Browning, Chief Product Officer and co-founder of <a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a>, is optimistic about the partnership with TikTok, believing that it will benefit artists and attract more talent to the platform. High-profile musicians, such as Katy Perry, Nas, and the Chainsmokers, have already shown support for <a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a> by contributing to the company's $5 million funding round in September 2021.

The integration of <a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a> with TikTok is a significant development for the Web3 ecosystem. As more Web3 platforms integrate with traditional Web2 platforms, it creates a bridge between the two worlds, potentially increasing adoption of decentralized applications. With the integration of <a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a> with TikTok, there is a potential for a larger user base to become aware of the benefits of Web3 platforms and their use of blockchain technology.

Furthermore, the integration with TikTok could lead to a shift in the power dynamic of the music industry. By allowing musicians to import their verified status from TikTok, <a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a> is providing a platform for emerging talent to get noticed by industry leaders. This could create a more level playing field for up-and-coming artists, giving them more control over their careers and revenue streams.

## <a href="/price/audius-audio" target="_blank" class="blog_inner_link">Audius</a> (AUDIO) $0.3647 (-0.31%) - Neutral Outlook

 **Overview:**

- ***Closest daily support zone: 0.3628 - 0.3375***
- ***Closest daily resistance zone: 0.3977 - 0.4291***
- ***Key Level: 0.2972 (Monthly Low of May. 2022)***

![](https://gimg2.gateimg.com/image/article/1677202986Untitled0224.png)

RSI bearish divergence has been spotted on the daily timeframe, implying a pullback from the current price level is plausible, which is likely due to the recent volatile sessions that saw BTC retraced from the $25K level which had an effect on the overall crypto market. Based on the volume profile indicator, the area between 0.34 - 0.32 saw the most volume, implying where traders will be eyeing to make their plays. On the other hand, the golden cross (50EMA crossing 200EMA) is on a trajectory to occur in the near future, which is usually a bullish signal. Given the mixed info, it is possible AUDIO will first see a pullback to a demand zone comprised of the Weekly level of 0.32111 and the Monthly level of 0.29720, before the golden cross will happen.

 **Daily Resistance zones**

1. 0.3977 - 0.4291
2. 0.4481 - 0.5062
3. 0.5284 - 0.6549


 **Daily Support zones**

1. 0.3628 - 0.3375
2. 0.3211 - 0.2972
3. 0.2781 - 0.2557




<div class="blog-details-info">
<div>Author:** Peter L.**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

简体中文

English

Tiếng Việt

Español

Русский язык

Français

ภาษาไทย

日本語

Indonesia

Deutsch

عربي

Português (Portugal]

Português (Brasil]

繁體中文

Українська

Amidst economic uncertainty following FOMC, Bitcoin is struggling at $24K, while the IMF proposes a cryptocurrency risk framework and Dapper Labs announces 20% layoffs. Meanwhile, TikTok integrates with Audius, joining the Web3 revolution.

福利中心

小红花-Learn & Explore-博客

小红花-Learn & Explore-快讯

币圈-币圈-未来事件

小红花-Learn & Explore-聊天室

小红花-Learn & Explore-直播

小红花-Learn & Explore-动态

币圈

Gate OTC

芝麻金融-更多-财富管理

机构-APIs

机构-大宗交易服务

机构-经纪商项目

全球做市商计划

机构-托管和资产管理

机构借贷

机构-做市商项目

小红花-Promotions-机构和VIP服务

量化基金

机构-基础架构

机构-交易

机构-金融

结构化产品

机构-主页

衍生品-统一账户

芝麻金融-更多-抵押借币

vip服务

机构

策略跟单

现货跟单

交易-合约跟单

跟单

量化策略-探索

量化策略-进阶

量化策略-基础

交易-机器人广场

创建机器人

探索机器人

杠杆网格

无限网格

期现套利

组合指标策略

智能调仓

现货马丁格尔

合约网格

现货网格

交易机器人

芝麻金融-更多-ETH2.0挖矿

芝麻金融-更多-法币理财

链上赚币

芝麻金融-理财-双币宝

芝麻金融-理财-定期理财(屯币)

芝麻金融-理财-结构性理财

芝麻金融-理财-理财宝

芝麻金融-理财-余币宝

GT挖矿

芝麻金融-更多（理财产品）

芝麻金融-理财（打新）

launchpool

launchpad

赚币-HODLer Airdrop

candy_drop

web3 Airdrop

赚币

模拟交易

衍生品-期权

衍生品-交割合约

衍生品-永续合约

合约入门

合约活动

衍生品

交易-杠杆ETF

交易-杠杆交易

交易-闪兑

交易-现货交易

交易-创新交易

交易-交易工具

交易-交易类型

交易-盘前交易

Alpha

交易

行情

买币-gateCard

卖币

买币-快捷交易

买币

买币-paywith

法币定投

小红花-推广

新手指南

活动中心

小红花-Learn & Explore-学院

小红花-Exchange-最新公告

小红花-Exchange-帮助中心

gate商店

小红花-Promotions-邀请计划

小红花-promotions-代理商

储备金

合作伙伴

cextg小程序

小红花

web3

Daily News | BTC Struggles Amidst Global Volatility, IMF Proposes Crypto Risk Framework, Dapper Labs Cuts Jobs, TikTok Joins Web3 with Audius