POKKET: Today’s Market Commentary (March 8)
Bitcoin is +3.5% as it stays above the $50k level, like a dog paddling through water. ETH is +2% following close behind, trading $1680. Movers are OGN +33%, RSR DOCK +24%, ENJ +18%, CHZ UNI +16%, SOC OCEAN YFI +13% in Pokket universe.
Chinese app maker Meitu parked $40M worth of fiat into crypto, basically half/half between BTC & ETH.
Ripple is back in the news as Delaware courts prevents an investor from redeeming $175M in stock before the SEC ruling, citing the case is still pending.
Banksy’s ‘Morons’ art piece was destroyed on a camera in a burning ceremony in Brooklyn this month, but has magically showed up as an NFT and was auctioned off for $382k; the art literally says “I CAN’T BELIEVE YOU MORONS ACTUALLY BUY THIS SHIT.” 🤷🏻♂️
Check out today’s interest rates at POKKET.