Bitcoin and Ethereum flirt with levels ahead of FTX, Decentraland (MANA) surge at Australian Open

Cryptocurrency markets continue to show buoyancy, although the global market cap failed to break above $1 trillion after flirting with the barrier for the past three sessions.

Bitcoin (BTC) gained another 1.5% on Monday to close the session above $21,000 for the first time since early November, in those bright days before FTX’s implosion crashed the entire sector.

Bitcoin bears appeared to be in control Tuesday morning, with the BTC/USDT pair remaining just below $21,200.

Bitcoin (BTC) tests pre-FTX resistance point – Source: currency.com

The real test will break above the $21,300 resistance line, where the pair changed hands just before the November collapse.

Ethereum (ETH) also closed 1.5% higher on Monday, although the second-largest cryptocurrency has more to go before erasing all of its post-collapse losses.

The ETH/USDT pair is currently changing hands at $1,565 and needs to stabilize above $1,650 to truly prove it is back in the game.

Filecoin (FIL) has emerged as the top mover in the altcoin space, with the decentralized cloud storage protocol gaining over 25% over the past week.

But the biggest gains will come to Decentraland after the Australian Open chose play-to-earn play to host the tennis tournament’s interactive AOmetaverse entertainment and trading zone.

Decentraland’s native MANA token is up over 80% this week, taking its market value to a four-month high of $1.35 billion.

Game, Set, [email protected] has returned to Decentraland!

???? On the big screens: #AO23 practice courts, classic games 24/7
???? New AO tennis club, beach bar
???? Rod Laver Tennis Challenge
???? Daily quests for wearables

Now – January 29
-143, 74 pic.twitter.com/Z3VOICGmOU

— Decentraland (@decentraland) January 15, 2023

Total value locked in the decentralized finance (DeFi) space remains at $45.2 billion, boosted by Lido’s 20% surge in seven days and strong growth at Aave, Convex Finance and Justlend.

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