POKKET: Today’s Market Commentary (December 30)

Bitcoin & ETH are stable, trading $26935 & $725. Movers are REN +9%, DLT 1INCH -24%, BRD -15%, MTH AST -11%, POLY BAND -10%.

Drama continues around XRP, as it drops another 12% down to below 22 cents following the trading halt announced by Coinbase – LTC and XRP are now battling for 3rd largest crypto by market cap. Ripple put out a statement in response to the SEC suit, which had mixed reactions on cryptwit.

Over to sports, NFL team Panthers’ Russell Okung is the first player to be paid in Bitcoin through a service by Zap, with others next in line to take the same, including NBA players. There will now be a JPY stablecoin, as GMO was granted a trust charter by the NY Dept. of Financial Services.

Traditional markets were quiet, SPX -0.2% and FAANGs unchanged, with two days left in 2020. DXY is dropping once again, now flirting with breaking 90-handle, USDJPY 103.53.

Check out today’s interest rates at POKKET.


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