POKKET: Today’s Market Commentary (January 1, 2021)
Bitcoin closed the year with 300% gain & now nearing the ATH again, as it see-saws back/forth around the $29k level overnight, now trading $29160. ETH is stable, -1.5% now trading $740. Movers are UNI +22%, 1INCH +21%, ADX +12%, CHZ DOCK -11%.
“Rat poison squared”, otherwise known as Bitcoin, had surpassed Warren Buffet’s Berkshire Hathaway in market cap value at the ATH. Bitcoin mining equipment maker Ebang has announced it is preparing to launch a crypto exchange in 2021 – EBON shares were up 23% overnight.
Traditional markets were little changed, SPX +0.5%, FAANGs -0.3%. DXY still just below 90, while Gold is finally at $1900.
Happy New Year!🎊
Check out today’s interest rates at POKKET.