POKKET: Today’s Market Commentary (December 21)
Bitcoin makes a new ATH of $24295, but corrects and now trading $23500. ETH is -3.5% trading at $634 now. The hottest toy in DeFi now is The Graph (GRT), which has gone from a $0 mrkt cap to $750M in three days. DeFi TVL sits at $16.8B. Movers are DOCK SNM +19%, ADX -13%.
By now, most in cryptwit are aware of Elon’s new safe word (Bitcoin) and his conversation with Michael Saylor in how to buy Bitcoin in size. Square’s Cash App now allows customers to receive BTC back as rewards on purchases.
Traditional markets look to open the week unchanged as we’re left with about 8 trading days in 2020. The US Congress finally agreed to the second stimulus check, giving everyone $600 to buy more #Bitcoin .
Check out today’s interest rates at POKKET.