Ethereum Fees at One-Year Highs, Coinbase Earnings Beat
May 5, 2023
Market Update Stocks and crypto are rising today as regional bank shares stabilize. $BTC is up 2.0%, and the S&P gained 1.3% after Apple’s beat on earnings and improved sentiment on regional bank stocks. A note from JP Morgan upgraded Western Alliance, Zions Bancorp, and Comerica to overweight, stating all three looked “substantially mispriced.” Regional banking ETF, $KRE, is up 4.66% at writing. Among the largest 100 cryptos, the top performers were meme coins $PEPE (+159%) and $FLOKI (+58%), which popped after Binance announced they would list both tokens. $PEPE has left skeptics in d