POKKET: Today’s Crypto Market Commentary (April 6)
Bitcoin & ETH +1.7%, trading $59300 & $2115. Movers are GTO +73%, OGN +33%, OST +18%, 1INCH+17%, YFII PNT +12%, POLY -13%, ADX -11% in Pokket listed tokens.
MicroStrategy announced another Bitcoin investment, bringing its hodling to $5.4B. JPMorgan has once again moved up its price target on Bitcoin to $130k. And the Kimchi-spread is back, close to +15% and levels last seen back in 2017.
According to nonfungible.com, the average price for NFTs has crashed to -70% from the peak in February to around $1400. However, this isn’t stopping Gucci and a number of other luxury fashion brands to launch their own NFTs. Mark Cuban, Snoop Dogg and Ashton Kutcher team up for an NFT twist on the Shill…err, Shark Tank.
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