POKKET: Today’s Market Commentary (December 27)
Bitcoin is enjoying an xmas rally, jumping $2k to $26625, with ETH following close behind to $649. Movers are DLT +210%, MTH +21%, MATIC +19%, SNX +15%, CND OAX GTO POLY +14%, APPC SNM +12%.
BTC dominance is up to 70.7%, just shy of 71.1% high this year. Market cap of Bitcoin is now above $462B, usurping Visa’s market cap of $460.1B. Deribit has opened up call strikes as high as $140k in anticipation of stock-to-flow momentum and demand.
David Portnoy’s small business relief fund has raised $6.7M, of which $1M came from cryptwitter, $0.5M in the form of crypto. Following Bitstamp’s delisting of XRP for US users, XRP is lower 6% to just below 30 cents.
Check out today’s interest rates at POKKET.