Binance.US Announces Suspension of USD Deposits and Vitalik and Polygon Co-Founder Donate to COVID Research
Crypto markets are up slightly on the day, BTC has risen 0.54%, and ETH has risen 0.15%. Interestingly, the ETH Dominance metric, a metric that measures Etheruem’s market cap compared to the rest of the crypto market, has reached its highest levels since the Merge last year and at the peak of the 2021 bull market, indicating that Ethereum is extremely relatively strong to the rest of the market. Altcoins bounced today – RNDR is up 3.93%, LDO is up 2.97%, and XRP is up 2.60%. XRP has been a standout the last couple weeks, performing well leading into its case with the SEC. Interestingly enough, the SEC has not mentioned XRP as a security in any of its recent lawsuits against Coinbase or Binance, despite mentioning several other coins and XRP being a high market cap coin listed on each exchange. Crypto continues to lag behind the equity markets, SPX and NDQ are up 0.47% and 0.82%, respectively.
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -0.74% falling to $60k and ETH 3.18% approaching the low $2,300s. Aptos (APT 0.13% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE 6.52% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.74% climbing back above $61,000 and SOL -2.11% moving above $145, while ETH 3.18% is lagging, trading around $2,400. Among today's outperformers is SUI -0.15% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...
MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY 0.67% and QQQ 1.45% have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC -0.74% briefly dropping below $62k and ETH 3.18% below $2.5k. Among altcoins, SUI -0.15% is showing...
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