Billionaires Opine on Bitcoin, Bitcoin NFTs Pick Up Steam
Markets opened lower before rebounding on news of accelerated hiring in January (517k jobs added) and the lowest unemployment rate in 53 years at 3.4%. Despite strong job gains, wage growth continued to soften last month (+4.4% YoY). As reflected by markets, these conflicting data points could accommodate a soft landing scenario. ^SPX 0.13% (-0.1%) and QQQ (-0.1%) are trading relatively flat at time of writing, while DXY and US20Y are up by 1.0% and 2.7%, respectively. Digital asset markets have also cooled off since the Fed’s 25bps hike on Wednesday, with BTC and ETH trading at $23.5k (-1.3%) and $1.66k (-0.9%), respectively. Over the last week, RNDR (+92.9%) has been the top gainer in the Top 100. RNDR introduced deflationary tokenomics last week and benefits from AI/Mixed Reality narratives that have been trending of late.
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