Header logo
  1. Research
  2. Crypto Research
  3. Market Update

Stripe Advances Crypto Efforts with Avalanche, Friend.Tech Airdrop Set for This Week

Apr 29, 2024
Author
Tom Couture
Tom Couture AC
Market Update Investors will have a lot to digest this week, including various data releases such as consumer confidence, ADP Employment, JOLTS, and non-farm payrolls. Likely more important is the FOMC meeting and Treasury Quarterly Refunding Announcement (QRA), both set for Wednesday. Equities are gaining to start the week with the $SPY and $QQQ both up approximately 0.30% as the #DXY (-0.44%) slides after the BOJ intervened to support the Yen against the dollar. Crypto assets are struggling so far today, with #BTC (-0.51%) briefly falling below $62k before recovering to $62.8k and #ETH (-2.85%) trading at $3,170 after surpassing $3,350 yesterday. #AVAX is displaying strength today, rising 3.33% following news of a new partnership with payments giant Stripe. As highlighted in Friday’s market update, Stripe has introduced stablecoin crypto payments across the Solana, Ethereum, and Polygon networks. In addition, Stripe and Avalanche have struck a partnership to enable the functionality of the Avalanche C-Chain and to directly integrate Stripe’s fiat-to-crypto on-ramp into popular Avalanche dapps through Avalanche’s Core Wallet. Avalanche users will be able to fund their wallets via the Stripe widget and purchase assets via ACH, debit, or credit cards. S

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

Executium TN 6BYSMrQs Unsplash

CRYPTO MARKET UPDATE RATES ARE BROADLY LOWER, WITH A NOTABLY STRONGER RALLY AT THE FRONT END OF THE CURVE AS THE MARKET APPEARS TO BE TAKING POTENTIAL RATE CUTS OVER THE NEXT COUPLE OF FOMC MEETINGS MORE SERIOUSLY. Despite significant weakness in equities today, the crypto market is looking relatively healthy, with BTC 1.12% and many altcoins in the green. BTC 1.12% briefly rallied above $67k but has since drifted back down...

BTC 1.12% ETH 0.30% GBTC +4.88% IWM +1.75% QQQ +1.08% SOL 3.94% ^SPX
Bitcoin Equilibrium Price Likely to Top $168,000 Following ETF Approval, FSInsight Says

CRYPTO MARKET UPDATE U.S. EQUITIES ARE CONTINUING THIS WEEK’S SELL-OFF, WITH THE SPY 1.11%  AND QQQ 1.08%  BOTH DECLINING APPROXIMATELY 0.28%, WHILE THE DXY N/A% AND TREASURY YIELDS INCH UPWARDS. In contrast, BTC 1.12% is moving sharply higher, trading at $65.8k, with rumors circulating that former President Trump will unveil plans to add Bitcoin as a strategic reserve at next week’s Bitcoin conference. ETH 0.30% is trading at $3,450 ahead of potential S-1 approval after...

BONK 1.45% BTC 1.12% DXY N/A% ETH 0.30% JUP -8.65% QQQ +1.08% SOL 3.94% SPY +1.11% WIF 0.64%
Bitcoin rises back toward record as first related U.S. ETF begins trading

CRYPTO MARKET UPDATE U.S. EQUITIES ARE MOVING SHARPLY LOWER AMID CHINA TRADE FEARS AFTER THE BIDEN ADMINISTRATION STATED IT'S CONSIDERING IMPOSING SEVERE RESTRICTIONS ON CHIPMAKERS IF CHINA CONTINUES RECEIVING ACCESS TO ADVANCED SEMICONDUCTOR TECHNOLOGY. The SPY 1.11%  has dropped below $560 while the QQQ 1.08%  is showing more pronounced losses, falling to $484. Crypto is relatively flat, with BTC 1.12% trading near $65k. Bitcoin ETF flows continue their positive streak, posting the eighth...

BTC 1.12% ETH 0.30% FIL 7.02% LDO 0.30% LPT 1.04% NEAR 1.10% QQQ +1.08% RNDR -3.51% SPY +1.11% TAO 3.41% WLD -0.60%
Jievani Weerasinghe Ix9KDnqJNjA Unsplash

CRYPTO MARKET UPDATE CRYPTO ASSETS RALLIED OVER THE WEEKEND FOLLOWING AN ASSASSINATION ATTEMPT ON FORMER PRESIDENT TRUMP, GALVANIZING HIS POLITICAL CAMPAIGN AND, IN TURN, OPTIMISM AROUND HIS PRO-CRYPTO STANCES. BTC 1.12% has eclipsed $63k and ETH 0.30% is approaching $3,400. Small-cap assets are seeing some risk appetite return with ACX -3.13% , one of our Liquid Ventures constituents, making a new all-time high on the back of its Blast integration and consistent trend of...

ACX -3.13% AVAX 3.19% BTC 1.12% ETH 0.30% LINK 2.34% QQQ +1.08% SOL 3.94% SPY +1.11%
FS Insight

Sign in to read the report!

We have detected you are an active member!

Ray: 425dc5-005329-7f05ab-210975-5fa7c4