GameFi’s Shaky Prospects; Bitcoin, Ether Inch Higher

Strict regulations on gaming in China and South Korea, among other countries, are likely to reduce the market for GameFi in the Asia-region; bitcoin, ether and most major altcoins rose slightly during U.S. trading hours.

Markets and prices: Bitcoin and ether rose slightly. Major indexes and gold were in the red.

Insights: GameFi faces a shaky future in the Asia-Pacific region partly because of strict regulations.

Technician’s take: BTC is 43% off its all-time high near $69K, and upside appears limited.

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Source: https://www.coindesk.com/markets/2022/02/22/first-mover-asia-gamefis-shaky-prospects-bitcoin-ether-inch-higher/