POKKET: Today’s Market Commentary (19 Dec)
BTC & ETH are relaxed, $22915 & 650. Movers are SNX +16%, BRD OAX DOCK +11%, BAT +10%.
On-chain data shows institutions are buying Bitcoin through OTC rather than through exchanges. FinCEN has made a proposal to require KYC before allowing any transfer of BTC off exchanges.
Ruffer Investment used Coinbase and One River Digital to help execute its $745M worth of Bitcoin. Coinbase has chosen Goldman Sachs to lead its upcoming IPO. While FTX is working to allow traders to participate through CFDs on Coinbase through its platform.
Traditional markets softer, SPX -0.8% and FAANGs -0.5%. VIX up a touch to 23.8v, while DXY still under 90. Gold unchanged at $1886.
Apple has closed LA stores as the White House prepares for a national shutdown guidance. US citizens are anticipating a $600 stimulus check, 9mths after the last one. Will people buy more Bitcoin with it?
Check out today’s interest rates at POKKET.