Stars Arena Sparks Avalanche Activity, El Salvador Launches First Bitcoin Mining Pool
U.S. equity indices are falling today, putting the SPX (-0.68%) on pace for its fifth consecutive negative week and the NDQ (-0.97%) on pace for its fourth negative week out of the last five. Investors are awaiting tomorrowâs employment report for a read on the labor market, as JOLTS and ADP Employment have given mixed signals this week. Crypto markets are declining in line with equities, with BTC (-0.73%) trading above $28k this morning before paring gains, while ETH (-1.52%) has been ranging between $1,600-$1,650. AVAX has shown strong performance this month, rising 8.23% since October 1st. The performance can largely be attributed to a new social app, Stars Arena, launching on the alt-layer 1, sparking the most daily transactions on Avalanche in roughly five months.