POKKET: Today’s Market Commentary (January 17)

BTC & ETH are moving inversely, as Bitcoin moves lower -1.5% to $36100 while ETH gains +6% to $1235. ETHBTC is increasing, moving up to 0.034. DeFi TVL is back near making new ATH, at $23.1B. Movers are 1INCH +19%, OST UNI +13%, UMA YFI +12%, DENT +10%, AST -8%.

Kraken is the latest exchange to suspend XRP trading, starting 29Jan for US residents. Polkadot has flipped XRP to be the 4th largest cryptocurrency by market cap after a 60% rise over the past week. K-Pop girl group Mamamoo is set to mint digital collectibles on Polkadot.

The IMF is cheerleading money printing, “Spend as much as you can and then spend a little bit more” said their managing director Kristalina Georgieva at an economic forum in Russia. Georgieva also said, “In terms of policies for right now, very unusual for the IMF, starting in March I would go out and I would say, please spend.” She probably hasn’t read Nassim Taleb’s ‘Skin in the Game’.

Check out today’s interest rates at POKKET.

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