BitDigest March 1 · Issue #851
- Crypto prices recover following weekend sell off
- Bank of Jamaica to begin piloting digital currency
- Inner Mongolia proposing ban of crypto mining
Premium to NAV for leading trusts and Canadian ETF remain negative.
The Headlines
Bank of Jamaica Sees CBDC in 2022
Inner Mongolia Proposes Crypto Mining Ban
Nigerian VP Calls for Crypto Regulation Not Death to the "Goose that May Lay the Golden Eggs"
IMF Supporting Benefits of CBDCs
SEC Issues Alert on Digital Asset Securities
Ghana Establishes Regulatory Sandbox
Singapore Using Blockchain for COVID-19 Test Result Verification
MARA Changes its Name
Inx to list on TSXV
MasterCard Focusing on StableCoins
Grayscale Identifies New Assets for Consideration
Google Finance Adds Crypto Pricing Summary
Thoughts on the Ecosystem
Bitcoin is at a "Tipping Point"
Mr. Wonderful is Now a Crypto Believer
Bitcoin is the Perfect Asset for Speculative Mania
Central Banks Will Never Allow Bitcoin to Go Mainstream
Reports you may have missed
CRYPTO MARKET COMMENTARYBITCOIN REBOUNDED OVER THE WEEKEND, WITH PRICES FULLY RECOVERING FROM FRIDAY'S DRAWDOWN BY MONDAY MORNINg. BTC 2.37% is now trading just below $63k. Meanwhile, both ETH 0.39% and SOL 2.64% have lagged, trading at $3950 and $146, respectively. Altcoin flows seem to have shifted towards memecoins, which are outpacing the rest of the market today, with gains exceeding 5% from BONK 1.95% , DOGE 9.07% , and PEPE. This interest in memecoins likely stems from...
MARKET COMMENTARYA PRETTY SIZEABLE MISS IN TODAY'S CONSUMER SENTIMENT SURVEY REVERSED MOST OF THE GAINS EXPERIENCED IN THE CRYPTO MARKET OVER THE PAST 24 HOURS. Consumer sentiment came in at 67.4, well below market expectations of 77.2. 1Y inflation expectations came in at 3.5%, well above the market forecast of 3.2%. We saw the DXY 0.00% turn sharply higher on the move, and most risk assets sold off. BTC 2.37% fell from...
U.S. equity indices are showing modest gains today following weekly jobless claims coming in higher than expected, showing 231k versus 212k estimated, putting downward pressure on the DXY 0.00% (-0.21%) and rates. The SPY -0.04% has gained 0.36%, approaching the $520 mark, while the QQQ 0.20% has risen 0.14% to the $440. Crypto assets are showing larger gains, with BTC 2.37% (+1.57%) rising above $62k and ETH 0.39% (+1.05%) surpassing $3,000. The Render Networkâs mobile app, OctaneX, was featured in Appleâs keynote presentation earlier...
The crypto market declined overnight, with BTC 2.37% dropping from $63k to $61k, SOL 2.64% from $150 to $145, and ETH 0.39% dipping below the $3k mark once again. The likely cause of the drawdown was upward pressure on the DXY 0.00% and a lack of follow-through in flows. Among the few outperformers of the day were RUNE -4.20% , the native token of the cross-chain swapping protocol Thorchain, and Ethereum Classic (ETC -1.42% ), possibly driven by...