market news

POKKET: Today’s Market Commentary (February 27)

POKKET: Today’s Market Commentary (February 27)

Bitcoin rocked back & forth overnight, but looks steady here and unchanged over 24h period, trading $47400. ETH is much the same, trading $1450. No standout movers, everything in Pokket universe within +/-7% range. Stonks and boonds are risk-off, which some argue were triggerd by crypto knock-on effect (logic goes, Ark/TSLA invests in BTC, BTC selloff, Ark/TSLA stonk sell off). Its been a week of NFT headlines, ending with even mass media covering Beeple as he collected a cool $3.5M for his …
POKKET: Today’s Market Commentary (February 26)

POKKET: Today’s Market Commentary (February 26)

Bitcoin & ETH are both softer, BTC -6.5% to $47300 while ETH correcting more to -8.5% trading $1490. Movers are MATIC +18%, 1INCH +17%, ENJ +16%, MANA +12%, BRD -17%, SOC -10% in Pokket universe. All the buzz is around Coinbase's S-1 filing as it prepares to list, showing profits of $322M last year. Everyone's favorite brokerapp, Robinhood has added 6M new crypto users in 2021. Arca has debuted a Bitcoin trust to challenge Grayscale's stronghold, who has about 3% of the total BTC supply. In …
POKKET: Today’s Market Commentary (February 25)

POKKET: Today’s Market Commentary (February 25)

Bitcoin is hanging around $50k, going back & forth but looking steady. ETH is is trading $1650, also steady +1.5%. Mover is only VALUE +8%, others are within +/-5% range in Pokket universe. Everyone having a field day as the Fed Wire goes down due to an internal operational error, just as Bitcoin continues to hum along with 99.986% uptime since inception. A Dubai private equity firm is going to invest $4.8B of BTC in Miami, furthering Mayor Suarez's agenda to make Miami a cryptohub. More VC …
POKKET: Today’s Market Commentary (February 24)

POKKET: Today’s Market Commentary (February 24)

Bitcoin went through a correction late last night and didn't really recover overnight, -10% over 24hr period and now trading $48675. ETH followed close behind, now -11.6% to $1570. Movers are EVX OAX WABI POWR -25%, DLT RSR BRD OGN -24%, and the rest follow, with only SRM +17% and crushing it. Headline of the day is Bitfinex's settlement with the NYAG of their Tether probe, reaching an agreement of $18.5M fine, no admission of wrong doing and a promise to report USD balances for two years. Elon …
POKKET: Today’s Market Commentary (February 23)

POKKET: Today’s Market Commentary (February 23)

After all the drama with Bitcoin price, its only -1% on a 24hr basis as it trades $53650. Bitcoin made a new record of trading in the largest one day range of $11k. ETH is pretty much unchanged over a 24hr period, now trading $1770. Movers are ZRX +16%, NEXO +11%, GTO -8%, and rest are within normal range. BNY Mellon is said to hire Fireblocks for Bitcoin custody servicing. MoneyGram has put its relationship with XRP on hold citing ongoing legal uncertainty. Lindsay Lohan is selling a DaftPunk N…
POKKET: Today’s Market Commentary (February 22)

POKKET: Today’s Market Commentary (February 22)

Bitcoin & ETH are stable, both -1% to $56950 & $1910. Only real mover is HOT -10%, others are within +/-5% range in Pokket universe. Bit of a slower news day. Bitcoin is now more expensive than a kilogram of gold. Two whales withdrew about $1B worth of BTC from Coinbase to unknown wallets. But unlike gold, they didn’t have to use any trucks to so that. Speaking of Coinbase, it fetched a valuation of $100B, up from last week's $70B handle, which is more than ICE, CBOE, CME and Nasdaq. DeF…
POKKET: Today’s Market Commentary (February 21)

POKKET: Today’s Market Commentary (February 21)

Bitcoin relaxed here after making a new ATH $57k, now trading $56k while ETH is +1% to $1935 after also making new ATH and breaking above $2k. No major standouts for movers this morning, Pokket universe all within +/-7% range. North America's first Bitcoin ETF raised $420M (its actually $421M...) as it quietly started trading last Thursday. Elon and Peter Schiff were on crtyptwit debating on Bitcoin vs. Gold; Elon's mike drop "An email saying you have gold is not the same as having gold. Yo…
POKKET: Today’s Market Commentary (February 20)

POKKET: Today’s Market Commentary (February 20)

Bitcoin ripping further up, +7% over 24hr period and trading $55500. Another all time high. Bitcoin is now $1T in market cap, 10% of Gold's market cap. ETH is hanging tight at $1935, eyeing the $2k ceiling while everyone waits for alt season again. Movers are HT +27%, LEO +14%, MATIC +9%, rest are relaxed. Elon at it again, enjoying the returns TSLA has made on the BTC investment made earlier this month, already usurping earnings from 2019. He has re-started the laser-eyes movement in twitter, c…
POKKET: Today’s Market Commentary (February 19)

POKKET: Today’s Market Commentary (February 19)

Bitcoin is stable at $51800 after another all time high yesterday. ETH is up +4.5% to $1935 as alt season is here. Movers are POLY +69%, BNT +33%, WABI +23%, SXP AST +21%, BQX +19%, REN +16%, and the rest follow in Pokket universe. NVIDIA is launching a new CPU called Cryptocurrency Mining Processors (CMP) specifically for ETH miners as the firm tries to move them away from their coveted GPUs. Paxful is finally integrating Bitcoin Lightening to its P2P platform, moving towards faster OTC settlem…
POKKET: Today’s Market Commentary (February 18)

POKKET: Today’s Market Commentary (February 18)

Bitcoin is +6% after obliterating the $50k ceiling with ETH following close behind +3% to $1840. Movers are BNT +20%, HOT +19%, DLT +16%, DOCK +15%, OAX +13%, while rest are within 10% range in the Pokket universe. Michael (Chad) Saylor is raising $900M in 0% CBs to HODL more Bitcoin - speculation is he knows the upcoming influx of more publicly listed companies doing the same so he is 'front-running'. MicroStrategy might be the best Bitcoin ETF to exist. The Motley Fool is wising up and is now …