Coinbase Announces an L2, Binance Australia Traders' Positions Closed
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It has been a challenging day for crypto prices, with $BTC giving back yesterday's gains to fall to $68.5k, $ETH declining to $3,500, and $SOL currently trading around $176. Most altcoins are also experiencing downturns. The lone standout among large cap crypto assets today is $TON, which is rallying on rumors of USDT launching on the TON Network. Equity indices also faced a drawdown earlier in the day, sliding after...
Crypto assets are building on the weekendâs gains. $BTC (+3.47%) eclipsed $72.7k this morning before paring gains to approximately $71.8k. $ETH (+5.58%) is showing relative strength today, gaining to $3,650, helping the ETHBTC ratio reclaim the .05 mark. Last weekâs ETF net flows totaled $484 million, displaying the continued demand for exposure among traditional investors. Equity indices are relatively flat today, with the SPY and QQQ both gaining about 0.05%...
Despite March Non-Farm Payrolls blowing expectations out of the water (303k vs 214k exp.), equity indices are rebounding, with the SPY and QQQ gaining 1.23% and 1.50%, respectively. Although crypto assets held up during yesterdayâs equity sell-off, they fell overnight, with $BTC (-1.06%) reaching the low $66,000s before rebounding to $67.7k at the time of writing. $ETH (-0.53%) is trading slightly above $3k as the ETHBTC ratio has fallen below .05%,...
Flows Turn Positive and Coinbase Premium Returns, PayPal Enables Free International Transfers with PYUSD
The trading day began on a positive note, with rates decreasing and risk assets rallying following disinflationary pricing data from the latest ISM services PMI report. However, equity indices relinquished their gains and dipped into the red late in the trading session, influenced by comments from Fed President Neel Kashkari, which implied the Fed was concerned over persistently high inflation. Crypto rallied along with equities in the morning, and has...
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