POKKET: Today’s Market Commentary (February 26)
Bitcoin & ETH are both softer, BTC -6.5% to $47300 while ETH correcting more to -8.5% trading $1490. Movers are MATIC +18%, 1INCH +17%, ENJ +16%, MANA +12%, BRD -17%, SOC -10% in Pokket universe.
All the buzz is around Coinbase’s S-1 filing as it prepares to list, showing profits of $322M last year.
Everyone’s favorite brokerapp, Robinhood has added 6M new crypto users in 2021.
Arca has debuted a Bitcoin trust to challenge Grayscale’s stronghold, who has about 3% of the total BTC supply.
In DeFi, 1Inch’s move to integrate Binance Smart Chain citing ETH gas fees, is shaking the space. DeFi TVL softer to $36.5B as of this morning.
Check out today’s interest rates at POKKET.