market news

POKKET: Today’s Market Commentary (March 9)

POKKET: Today’s Market Commentary (March 9)

Bitcoin continues to flirt around the $50k level, now trading +1% at $52150 while ETH +3.9% to trade $1815. Movers are CHZ +85%, UMA ENJ MANA +18%, DOCK OGN +12%, WABI BAL +10%, PNT -9% in Pokket universe. Crypto infrastructure continues to grow, with the third Bitcoin ETF set to launch by Galaxy, and Argo Blockchain buying 320 acres of land in west Texas to build Bitcoin mining facility. NFTs are still running full steam, as the latest is a series of wonder woman crypto artwork selling for $1.8…
POKKET: Today’s Market Commentary (March 8)

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. Banks…
POKKET: Today’s Market Commentary (March 7)

POKKET: Today’s Market Commentary (March 7)

Bitcoin looks unchanged here at $49000, while ETH is bouncing back +8.5% to $1650. DeFi TVL above $40B again to now $40.8B. Movers are PNT +28%, OCEAN +19%, BNT +17%, BAL +16%, OMG +13%, WABI -12% in Pokket universe. Jack Dorsey has joined the NFT hype game, selling his first tweet on NFT for $2.5M. Galaxy's institutional Ethereum fund raises $32M at launch. Not that many in cryptwit will care, but Goldmans' own survey of its clients shows 20% think Bitcoin will reach $100k in 12mths. Check out …
POKKET: Today’s Market Commentary (March 6)

POKKET: Today’s Market Commentary (March 6)

Bitcoin & ETH keep flexing back and forth as BTC continues to flirt with $50k. BTC +2.8% to $48400, ETH +3.6% to $1530. Movers are WABI HOT +22%, GLM DOCK +13%, OST BRD +10%, OGN -14%, MANA -10% in Pokket universe. Ethereum has solidified EIP-1559 release for July, a fork post-POS to change how transaction fees work which will reduce the mining rewards. NFT boom continues with the latest releases by Quavo, 2 Chainz and Lil Baby drop for the NBA all star weekend. Mark Cuban is saying to boome…
POKKET: Today’s Market Commentary (March 5)

POKKET: Today’s Market Commentary (March 5)

Bitcoin & ETH go through a softer correction, BTC -5.7% to $47200, ETH -3.5% to $1510. Movers are CHZ +42% (NFT!!!), OGN +28%, DOCK +22%, MANA +16%, ENJ +16%, UNI POLY +13%, BQX MATIC -12% in Pokket universe. Fed's Powell, in a conference today, predicted an increase in consumer prices this summer, showing signs of inflation worries, and noting concern over rising bond yields. Stonks down for third day in a row, SPX -1.2%, DXY rallying to 91.6, ARKK -5.3% (insert 'oof' meme). BitGo wins NY T…
POKKET: Today’s Market Commentary (March 4)

POKKET: Today’s Market Commentary (March 4)

Bitcoin up 5% to $50800, while ETH outperforming with +7% to $1590. Movers are ENJ +52%, POWR +46%, CHZ +31%, BAT +29%, BNT RLC +19%, SXP MANA +18%, and others follow as alts rally. Some positive news on US this morning, as IRS has clarified US taxpayers do not have to declare Bitcoin holdings if they bought using $USD, although if purchased through stablecoin you would have to declare. Arthur Hayes looks like he will surrender to US authorities next month in Hawaii, and in the meantime will han…
POKKET: Today’s Market Commentary (March 3)

POKKET: Today’s Market Commentary (March 3)

Bitcoin & ETH are softer, BTC -3% to $48k, ETH -5% to $1485. Movers are CRV +24%, ANT +23%, CHZ +16%, ENJ +15%, MTH -10% in Pokket universe. NFT's had a blockbuster as volumes in Feb surpassed all of 2020 combined. Paris Hilton is even getting in on the action, again actually, after being enticed by Kim Dotcom. Big M&A headline in crypto, with PayPal looking to buy Curv with sources saying bid is at $500M. Latest report from Glassnode shows only 4M of BTC is left in circulation now as in…
POKKET: Today’s Market Commentary (March 2)

POKKET: Today’s Market Commentary (March 2)

Bitcoin & ETH are bouncing higher, both +10% as BTC is just shy of $50k, ETH at $1550. Movers are TRU +26%, SUSHI +22%, COMP +21%, DODO +20%, and the rest of the Pokket universe up. DeFi TVL sits at $38.4B. TradFi continues to 'how do you do, fellow kids?' as the latest is Goldman declaring they are returning to BTC futures trading from this month. Another is a Fidelity director going on twitter saying Bitcoin could be treated as a form of digital gold and made a 12-page blog po.. I mean rep…
POKKET: Today’s Market Commentary (March 1)

POKKET: Today’s Market Commentary (March 1)

Bitcoin & ETH are softer -2% trading $45400 & $1425. Movers are SXP ANT WABI GLM -10%, OGN +22%, MATIC +15%, MKR NEXO +11% in Pokket universe. Despite the NYAG settling on a fine and Tether looking like it 'won', FUD continues to circulate cryptwit with unverified email leaks. Tether has received a ransom demand for 500 BTC with the threat of leaking documents between Tether and Deltec Bank & Trust. On a lighter note, Google Finance has added a dedicated crypto data tab, tracking Bit…
POKKET: Today’s Market Commentary (February 28)

POKKET: Today’s Market Commentary (February 28)

Bitcoin & ETH look unchanged, trading $46300 & $1460. BTC touched $45k overnight, continuing its range over the weekend. Movers are POWR +15%, OGN +8%, ADX -14% in POKKET universe. Many are spooked by the 7000 BTC moved by a whale, with some speculating it is to move into cold storage while others trace it to OTC transaction. Slower news cycle this weekend. DeFi TVL sits at $36.6B, while BSC based TVL is at $8.8B. Check out today’s interest rates at POKKET. Like POKKET’s market comm…