Binance Adds Support for Ordinals NFTs, Goldman Sachs Crypto Survey Reveals Mixed Results
Equity markets slid lower today as investors await CPI data tomorrow and discussion over the debt ceiling later today. ^SPX 0.13% and QQQ are trading at -0.4% and -0.6% relative to yesterday’s close after opening lower, whilst DXY and US10Y are up by 0.3% and 0.4% on the day. Digital asset markets are also following suit, with BTC and ETH sliding by 1.5% and 1.0% over the past day. Many have pointed to the surge of memecoins like PEPE and ORDI to indicate market frothiness, perhaps signaling that a correction is overdue. Over the past day, BSV has appreciated by 26% despite the market-wide correction. Some attribute BSV’s rise to the fact that ex-BSV teams created most BTC Ordinals projects and the fact that BSV has larger blocksizes (8GB vs Bitcoin’s 4MB) amidst high Bitcoin transaction fees.
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