BitDigest March 16 · Issue #615
- Crypto stocks continue to lack buyers falling another $28 billion since Friday. Bitcoin (BTC) traded between a Sunday evening high of $5,823 to this morning’s low of $4,601 while ether (ETH) declined from a high of $131 to a current low below $107.
- The Bank of England issued a Discussion Paper asking for feedback on its central bank digital currency efforts
- HODLs be ware. Illinois passed an amendment allowing unclaimed digital currencies to be seized and liquidated.
The Headlines
BoE Looking for Feedback on Digital Currencies
Unclaimed Crypto to Be Seized and Liquidated in Illinois
Consensus 2020 Going Virtual
Market Data
Bitcoin Hashrate Fall Below 100 Ehash/s
Coinbase Volumes Reach YTD Highs
USDC Hits New Circulation High
Exchange, Custody and Product News
Poloniex Introduces Off-Chain Transfers
Binance.US Adding Tezos
Coinbase Pro Adds Orchid
Thoughts on the Ecosystem
Crypto Sell Off Was Not Institutional Traders
Crypto Leaders Questioning Market
Reports you may have missed
U.S. equity indices are under pressure today following disappointing economic growth in conjunction with hotter-than-expected prices paid, sparking stagflation fears and reducing the chances of rate cuts. The $SPY has declined 0.91% to test $501 and the $QQQ has dropped 1.12% to $421, being weighed down by a 12% drop in META following its Q1 earnings release. Crypto markets are faring better, with BTC-1.64% (-0.28%) trading at $64k and ETH-1.20% ...
The crypto market is pulling back from its recent surge, with $BTC falling below $65,000, $ETH trading under $3,200, and $SOL fighting to stay above $150. As expected, altcoins are also generally declining, although a few notable performers are scattered across the market. Currently, $BONK and $WIF, two prominent memecoins on Solana, are showing resilience, up 12% and 6%, respectively. Additionally, $HBAR initially doubled in price following reports that Blackrock...
Blockchain Association Sues the SEC, Cosmos Patches Potential Reentrancy Vulnerability
U.S. Treasury rates and the DXY (-0.46%) are sliding today following weaker-than-expected S&P Flash PMI data, helping catalyze a 1% rally in equity indices. Manufacturing PMI came in at 49.9 vs. 52.0 expected, and Services PMI read 50.9 vs. 52.0 expected. Bitcoin miners have benefited as rates retreat and transaction revenue remains elevated, with $RIOT, CLSK, and $MARA showing weekly gains of 26%, 16%, and 14%, respectively. Crypto assets are mixed with BTC-1.64% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC-1.64% continued its upward trend over the weekend, now trading just below $66k. ETH-1.20% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL-4.51% , meanwhile, has continued its strong rebound from the recent price slide, reaching $156 yesterday, currently trading slightly below that level. The crypto market is broadly performing well...