POKKET: Today’s Market Commentary (February 7)

Bitcoin & ETH are moving inversely as a healthy rotation from ETH takes place after a huge ramp up this week. BTC +5% to $40250, ETH handing at $1700, -1% and -6% vs. BTC.

Movers are GLM +36%, EVX +10%, COMP -12%, RSR SNX OST LRC WABI -10% in Pokket universe.

The Miller Opportunity Trust, which has $2.25B, will invest $300M into Grayscale’s Bitcoin trust. Nigeria’s central bank sent a letter to all banks in the country to identify and close all accounts tied to cryptocurrency companies in an effort to shutdown crypto.

DeFi TVL growth slowing down over the weekend but still on an uptick, now sitting at $35.2B.

Check out today’s interest rates at POKKET.


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