POKKET: Today’s Market Commentary (December 20)
One Bitcoin buys you 24,000 fedcoins. BTC +4%, ETH +2%, now $666. Bitcoin transaction cost now average $12, still laughably lower than what banks charge you to send fedcoin cross-border.
DeFi volume has picked up to $16.8B, with the top 3 protocols collecting nearly $8B of this amount. BVOL still elevated at 80v. Movers are ADX +18%, EVX +15%, TNT +12%, CHZ +11%, BQX -12%.
Given the Fed has relaxed restrictions on bank buybacks, euphoria expected come Monday. In bizarre and sad news, Ray Dalio’s son perished when his Audi crashed into a Verizon store.
Check out today’s interest rates at POKKET.