Billionaires Opine on Bitcoin, Bitcoin NFTs Pick Up Steam
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MARKET UPDATE U.S. EQUITIES ARE RELATIVELY FLAT ON THE FINAL DAY OF TRADING FOR AUGUST, WITH THE ^SPX 0.60% OSCILLATING AROUND $5,600 AND THE NDQ TRADING NEAR $19,400. Rates and the dollar are gaining today despite PCE and Consumer Confidence data providing more assurance that inflation is receding. Crypto is underperforming, with BTC 1.24% falling to $58.5k and ETH 3.99% at $2,450, as ETF flows and spot volumes have been muted this week....
MARKET UPDATE CRYPTO MARKETS EXTENDED LAST WEEK’S RALLY OVER THE WEEKEND, WITH BTC 1.24% BRIEFLY RISING ABOVE $65K AND ETH 3.99% ABOVE $2.8K. They have trimmed some of their gains, with Bitcoin trading at $63.3k and Ethereum slightly above $2.7k. AI-related tokens have been outperforming ahead of Nvidia earnings set for this Wednesday. FET 3.40% , RNDR, and AKT 6.38% have gained 69%, 38%, and 25%, respectively over the last seven days. U.S. equities are...
CRYPTO MARKET UPDATE Tuesday is off to a strong start for the bulls, with robust bounces across the crypto market. Among the majors, SOL 2.16% is leading the way, approaching its 200-day moving average around $146, while ETH 3.99% has climbed back above $2,500 and BTC 1.24% has surpassed the $55k mark. Notable outperformers within the ETH 3.99% and SOL 2.16% ecosystems include AAVE 12.74% , which benefitted fundamentally from massive liquidations yesterday, with over $200 million...
CRYPTO MARKET UPDATE AFTER ANOTHER DAY OF SIZEABLE OUTFLOWS FROM ETHE -4.96% , THE GRAYSCALE-ISSUED ETF NOW RETAINS JUST 85% OF THE AUM IT BEGAN WITH ON TUESDAY. However, crypto has rallied strongly since the US market closed yesterday, with BTC 1.24% briefly moving above the $68k level, ETH 3.99% rebounding sharply to $3,250, and SOL 2.16% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...
