Ethereum, Bitcoin & Avalanche — Asian Wrap 16 January

Ethereum, the second-largest cryptocurrency by market capitalization, yielded 21% gains over the past week. Experts argue that bulls are close to exhaustion, and traders with short positions could profit ahead of the Shanghai upgrade.  

El Salvador, a country located in Central America is working on raising funds for the development of a Bitcoin City. The country passed a law allowing Bitcoin bond issuance, underpinning the sale of the first ever sovereign Bitcoin bond. 

AVAX was chosen by Amazon Web Services (AWS) to develop blockchain solutions for enterprises and governments. AVAX is now an AWS partner and fully supports the smart contract’s infrastructure and dApp ecosystem. AVAX, the smart contract network, witnessed two bullish catalysts over the past week