Cathie Wood Buys the Coinbase Dip and Bahamian Regulators Seize Crypto from FTX
Crypto and traditional markets slid lower today, with BTC and ETH falling 1.37% and 1.03% and SPX and NDQ falling 0.85% and 1.23%. Altcoins continue to decline relative to Bitcoin and Ethereum as investors have a “flight to quality” into year-end. AVAX, SOL 2.72% , and NEAR for example are down 2.64%, 1.76%, and 3.93% at the time of writing. This rotation into bitcoin and ethereum is seen in BTC and ETH dominance metrics, each nearing some of their highest levels in months. BTC dominance is at 42.14%, and ETH dominance is at 19.38%. Despite declining crypto prices, the dollar (DXY) has continued its pullback and is down slightly (0.20%) on the day.
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