Bitcoin Transaction Fee Record, Celo Chooses OP Stack for L2
After significantly outperforming equities leading up to its halving event on Friday, BTC -0.54% continued its upward trend over the weekend, now trading just below $66k. ETH -1.70% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL -3.43% , meanwhile, has continued its strong rebound from the recent price slide, reaching $156 yesterday, currently trading slightly below that level. The crypto market is broadly performing well today, with no particular themes overshadowing others, but some noteworthy outperformers include IMX and OP, as well as AI-adjacent tokens like NEAR -2.53% and RNDR. Equity indices have seen slight gains so far today, with the financials sector leading the charge. Earnings season begins in earnest this week, with Q1 numbers expected from Meta, Microsoft, and Google. Additionally, significant economic data to watch for this week includes Q1 GDP, with a current forecast of 2.5%, scheduled for release on Thursday and Core PCE arriving on Friday.
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Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -0.54% falling to $60k and ETH -1.70% approaching the low $2,300s. Aptos (APT -2.39% ) 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 -7.17% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.54% climbing back above $61,000 and SOL -3.43% moving above $145, while ETH -1.70% is lagging, trading around $2,400. Among today's outperformers is SUI -4.82% , 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 0.23% and QQQ 0.28% 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 -0.54% briefly dropping below $62k and ETH -1.70% below $2.5k. Among altcoins, SUI -4.82% is showing...
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