On this week's CoinMarketRecap with Connor Sephton, we've got an update on all the latest market movements with Bitcoin — which suddenly raced above $40,000 on Friday as a close correlation with the stock market continues.

CoinMarketCap's Molly Jane Zuckerman also joins us to discuss a terrible week for Meta. Not only did the tech giant's market valuation suffer the biggest one-day fall in stock market history, but the intellectual property underpinning its Diem digital currency has officially been sold off. And to make matters worse, Mark Zuckerberg's metaverse vision racked up a net loss of $10 billion in 2021.

We also discuss why there's so much visceral hatred for NFTs. Kanye West has declared that he has no interest in creating digital assets, and the video game publisher Team17 has been forced to abandon its plans to launch a Worms-inspired collection after pressure from critics.

And as India announces that it will tax crypto profits at 30%, is the threat of an outright ban on Bitcoin over? Nischal Shetty is the founder of WazirX — India's biggest crypto exchange — joins us to explain why this is a good thing, and why he's excited about the government's plan to launch a digital rupee by 2023.

You can find us on Twitter — @ConnorSephton and @CoinMarketCap.

Bitcoin recovers, NFT hate, Facebook bloodbath — and has India avoided a crypto ban? 56:26 Share

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Bitcoin recovers, NFT hate, Facebook bloodbath — and has India avoided a crypto ban?