market news

POKKET: Today’s Market Commentary (February 17)

POKKET: Today’s Market Commentary (February 17)

Bitcoin briefly surpassed $50,000 last night but stable overall, now at $49400. ETH also stable at $1775. Movers are EVX +21%, SNM +19%, REN +15%, DENT OAX +11%, and the rest are relaxed in Pokket universe. St. Louis FRB president Jim Bullard went on CNBC yesterday to say Bitcoin is more comparable to gold and is not a major competitor to the all-mighty-dollar. Evolve, the first to file for a Bitcoin ETF in the US, has become the second approved ETF in Canada. NFTs continue to infiltrate as the …
POKKET: Today’s Market Commentary (February 16)

POKKET: Today’s Market Commentary (February 16)

Bitcoin stable here around $48250 along with ETH at $1800. Movers are SUSHI +16%, POWR +14%, DENT -12% in Pokket universe. After yesterday’s healthy purge, DeFi TVL sits just shy of $40B, with total DeFi market cap sitting at 5.3% of the overall crypto market cap. Uniswap has hit $100B in trading volume to date. Meanwhile, boomer Bitcoin market-making firm GSR hires a former Goldman MD as CEO. WBTC market cap is $6B, just under 1% of total BTC market cap, which means there is still tons of headr…
POKKET: Today’s Market Commentary (February 15)

POKKET: Today’s Market Commentary (February 15)

Bitcoin is fighting to cross the $50k hurdle but failed to do so over the wknd, now trading $49000 +4%. ETH is hanging at $1820, unchanged from yesterday. Movers are PNT +16%, SOC +14%, BRD +10%, SXP RSR -13%, OMG -12%, WABI MATIC -10%. Mainstream adoption of Bitcoin is happening right before our very eyes. In a podcast, Mark Cuban 'predicted' blockchain is the new internet; he's late but at least waking up. BNY Mellon's support for Bitcoin is pulling lots of boomers out of the woodworks as they…
POKKET: Today’s Market Commentary (February 14)

POKKET: Today’s Market Commentary (February 14)

Bitcoin is resilient this weekend, trading in the $46-48k range and looking unchanged. ETH is much the same, now trading $1815. Movers are OMG +26%, POLY 18%, BQX +16%, MANA NMR +14% and rest mostly following, DENT -11% only standout on downside. TradFi continues to move into Bitcoin, with the latest boomers to join the crowd BNY Mellon and Deutsche Bank, both starting with custody services. Deutsche is taking it one step further with prime brokerage and trading planned. Another DeFi attack…
POKKET: Today’s Market Commentary (February 13)

POKKET: Today’s Market Commentary (February 13)

Bitcoin relaxed, sitting at $47750 while ETH +3.8% to $1850 as alts make a roar back. Movers are BQX +43%, AST +25%, WABI +19%, RSR +18%, EVX DLT CHZ +16%, and rest follow in Pokket universe, with only DENT -16% correcting after a massive day. JPMorgan's COO said the bank would get involved in Bitcoin if there's enough demand, adding if BTC became widespread they'd really have no choice but to accept. Frontpage of FT Weekend edition has a splash of Elon and Bitcoin, asking "'Digital tulip' or ne…
POKKET: Today’s Market Commentary (February 12)

POKKET: Today’s Market Commentary (February 12)

Bitcoin +6% to $47800 & ETH +2.5% to $1785. Movers are DENT +140%, ENJ +40%, BAT +36%, YFII SOC +26%, and the rest in Pokket universe are up as well outside of AKRO -7%. PayPal's crypto payments are coming to the UK some time this year. The firm is also looking to become the distributor of CBDC. Argentina's governor of Catamarca submitted a proposal to create a digital peso to the country's President. Bitcoin Lightning Network continues to grow in the gaming space as more game devs are follo…
POKKET: Today’s Market Commentary (February 11)

POKKET: Today’s Market Commentary (February 11)

Bitcoin & ETH softer by a touch, ~-1.5% to $45150 & $1750. Movers are PNT +60%, SRM +25%, MATIC KNC DOCK +18%, CND NMR +13%, AST POLY +11%, OGN -13% in Pokket universe. Christine Lagarde shared her wisdom with the world yesterday proclaiming it is 'very unlikely' central banks will hold Bitcoin. Matercard announces they will start support for cryptocurrency payments sometime this year. Deutsche Telekom is now one of the main data providers to Chainlink, and has begun staking on the Flow …
POKKET: Today’s Market Commentary (February 10)

POKKET: Today’s Market Commentary (February 10)

BTC & ETH stable after the single largest pick up in Bitcoin price in history yesterday. BTC $46400 and ETH $1755. Movers are OGN +47%, MATIC +42%, DENT +37%, PNT +34%, RSR +23%, BRD HT SNX +17%, and on and on... rotation from Alts to BTC look reversed this morning. The FRB of St. Louis published a report titled "Decentralized Finance: On Blockchain-and Smart Contract-Based Financial Markets", noting DeFi's benefits of accessibility, composability, efficiency and transparency. Meanwhile, Ind…
POKKET: Today’s Market Commentary (February 9)

POKKET: Today’s Market Commentary (February 9)

In an SEC filing, it has become apparent Tesla has bought $1.5B in Bitcoin. Bitcoin is up +19% trading $46350 now, carrying ETH with it which is +8% to $1750. Movers are HOT +47%, OGN +30%, DENT +24%, RSR CND +12%, BRD SXP +10%, and rest of the Pokket universe follows. Miami's mayor Suarez is working hard to move on bringing Bitcoin to Miami's balance sheet; municipal Bitcoin. wBTC hits a record trading volume of $143M on Uniswap as hodlers move assets onto Ethereum blockchain to chase yields. D…
POKKET: Today’s Market Commentary (February 8)

POKKET: Today’s Market Commentary (February 8)

Same story again today as Bitcoin holds up while ETH and alts go through a correction. BTC flat at $39000, ETH -4% to $1610 and -3.5% vs. BTC. Movers are MATIC +26%, BAT +17%, SXP +14%, APPC +10%, GLM -10% in Pokket universe. More and more each day, social media is driving markets; Snoop Dogg has joined Gene Simmons and Elon in pumping dogecoin, which is now up +40% to 8cents. Mexico's second wealthiest man, Ricardo Salinas, has changed his twitter bio to Bitcoin while ridiculing fiat curre…