market news

POKKET: Today’s Market Commentary (December 28)

POKKET: Today’s Market Commentary (December 28)

Bitcoin take a breather after almost touching ATH $28,400. Trading $26k now while ETH rallies overnight, +6% to $673. Movers are AST +23%, DOCK +14%, LINK REN APPC +12%, SUSHI +10%. The total amount of Bitcoin companies around the world now own in treasury amounts to $30B, or about 1.2M BTC. The spread of have's and have-not's in crypto continues to widen, making it worse as time goes on and mirroring the fiat world. B2C2 has stopped trading XRP with US clients, marking the latest major liquidit…
POKKET: Today’s Market Commentary (December 27)

POKKET: Today’s Market Commentary (December 27)

Bitcoin is enjoying an xmas rally, jumping $2k to $26625, with ETH following close behind to $649. Movers are DLT +210%, MTH +21%, MATIC +19%, SNX +15%, CND OAX GTO POLY +14%, APPC SNM +12%. BTC dominance is up to 70.7%, just shy of 71.1% high this year. Market cap of Bitcoin is now above $462B, usurping Visa's market cap of $460.1B. Deribit has opened up call strikes as high as $140k in anticipation of stock-to-flow momentum and demand. David Portnoy's small business relief fund has raised $6.7…
POKKET: Today’s Market Commentary (December 26)

POKKET: Today’s Market Commentary (December 26)

Bitcoin & ETH enjoy an xmas move up, $24365 & $618 with Bitcoin making a new ATH of $24681. Movers are CND +12% and RSR -6%. Bitstamp is the latest exchange haulting trading and deposits of XRP, although only for US customers. 1inch exchange is getting attention as they perform a similar airdrop to Uniswap, this time in the amount closer to $5k each (one DeFi trader has gained $20M as a result). Binance has enabled SegWit support for Bitcoin deposits, as the protocol continues its tracti…
POKKET: Today’s Market Commentary (December 25)

POKKET: Today’s Market Commentary (December 25)

Bitcoin & ETH are stable, $23500 & $607. Movers are GOT +19%, ENJ +15%, SXP YFI +13%, APPC DLT BAT +12%, ZRX +10%, UOP -11%. BlackRock, which was ~$8T under management, is looking for a blockchain VP who can 'devise fundamental valuation methodologies' for cryptocurrencies. Ripple continues to get heat, as now pressures mount on Coinbase to delist XRP given they are seeking approval from SEC for their IPO. Tierion was ordered to payback investors $25M in ICO funds from its TNT token…
POKKET: Today’s Market Commentary (December 24)

POKKET: Today’s Market Commentary (December 24)

Bitcoin is softer overnight, -2% to $23,395 and ETH is -5.7%, trading right at $600. Movers are EVX -23%, SNM MTH AST -17%, GTO OMG WABI OST OAX -16%, and the rest of the Pokket universe is lower as well. XRP saga continues with the centralised crypto dropping 39% in the past 24hrs, giving Bitcoin dominance a 2020 high of 68.5%. Continued newsflow of the SEC suit and people reporting on the details of the suit are trickling through cryptwit - the SEC is basically saying to give back all gai…
POKKET: Today’s Market Commentary (December 23)

POKKET: Today’s Market Commentary (December 23)

Bitcoin & ETH are back up 3% each, $23415 & $625. Coinbase futures soar 140% in the first hour of trading on FTX. Movers are GTO +22%, SNM SNX +17%, PNT +15%, OAX +10%, BQX -8%. The big headline in crypto is the SEC filing a $1.3B lawsuit against XRP creator Ripple, alleging they sold securities without registering. Additionally, the suit says the founders helped structure and promote sales of XRP, while conducting unregistered sales of XRP totaling approximately $600M. XRP is -16% …
POKKET: Today’s Market Commentary (December 22)

POKKET: Today’s Market Commentary (December 22)

Bitcoin & ETH stable here, both down about 2%, $22915 & $615. Movers are CHZ +32%, PNT -12%, APPC -11%, MTH CND -10%. Anthony Scaramucci's $9B Skybridge Capital has filed a Reg-D form for a Bitcoin fund. David Rosenberg, founder of Rosenberg Research (don't worry, we had to google him too...) implied Bitcoin is a bubble, and cryptwit replied in kind with Boomer memes. Ledger was hacked a months ago and as a result customers' home addresses were leaked; there will be no reimbursements, de…
POKKET: Today’s Market Commentary (December 21)

POKKET: Today’s Market Commentary (December 21)

Bitcoin makes a new ATH of $24295, but corrects and now trading $23500. ETH is -3.5% trading at $634 now. The hottest toy in DeFi now is The Graph (GRT), which has gone from a $0 mrkt cap to $750M in three days. DeFi TVL sits at $16.8B. Movers are DOCK SNM +19%, ADX -13%. By now, most in cryptwit are aware of Elon's new safe word (Bitcoin) and his conversation with Michael Saylor in how to buy Bitcoin in size. Square's Cash App now allows customers to receive BTC back as rewards on purchases. Tr…
POKKET: Today’s Market Commentary (December 20)

POKKET: Today’s Market Commentary (December 20)

One Bitcoin buys you 24,000 fedcoins. BTC +4%, ETH +2%, now $666. Bitcoin transaction cost now average $12, still laughably lower than what banks charge you to send fedcoin cross-border. DeFi volume has picked up to $16.8B, with the top 3 protocols collecting nearly $8B of this amount. BVOL still elevated at 80v. Movers are ADX +18%, EVX +15%, TNT +12%, CHZ +11%, BQX -12%. Given the Fed has relaxed restrictions on bank buybacks, euphoria expected come Monday. In bizarre and sad news, Ray Dalio's…
POKKET: Today’s Market Commentary (19 Dec)

POKKET: Today’s Market Commentary (19 Dec)

BTC & ETH are relaxed, $22915 & 650. Movers are SNX +16%, BRD OAX DOCK +11%, BAT +10%. On-chain data shows institutions are buying Bitcoin through OTC rather than through exchanges. FinCEN has made a proposal to require KYC before allowing any transfer of BTC off exchanges. Ruffer Investment used Coinbase and One River Digital to help execute its $745M worth of Bitcoin. Coinbase has chosen Goldman Sachs to lead its upcoming IPO. While FTX is working to allow traders to participate throug…