Crypto Daily Report – November 29
Nov 29, 2022
Crypto markets rallied today, recovering from yesterday’s pullback – BTC is up 1.08%, and ETH is up 3.49%. Interestingly, this rally came during Asian market hours (the same time the sell-off occurred yesterday in crypto assets and Asian equities). Markets appear to be moving higher on hopes that the public unrest in China couldlead to a loosening of Beijing’s zero-COVID-19 restrictions. SPX and NDQ are down 0.23% and 0.12%, respectively, and the US Dollar (DXY) is up 0.02%. An outperformer this week has been Chainlink (LINK) which is up 12% this week. This move comes ahead of the protocol’s launch of staking on December 6th.Â