MicroStrategy Announces Digital ID Product, LayerZero Takes Snapshot for Airdrop
We are finally starting to see some relief in interest rates and the DXY N/A% following yesterday’s FOMC meeting and the Treasury’s quarterly refunding announcement. BTC 3.41% has rebounded from yesterday’s low of $56.5k and is now trading just above $59k, while ETH 5.89% is attempting to break through $3k resistance. SOL 7.25% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth today, with a wide range of assets participating in the rally. Notable outperformers include AR 0.38% , W 4.44% , PEPE, OP 9.98% , IMX 4.17% , and BONK 4.52% . Despite significant outflows from Bitcoin ETFs yesterday, the sustained and wide Coinbase discount we observed has shifted into premium territory, suggesting that we might see a reversal of flows today. Rates are lower across the entire curve, and the DXY has dipped below 106. Both the QQQ -0.39% and ^SPX are up on the day as investors await a critical AAPL earnings call after the close. For the crypto cohort, COIN -2.76% is also set to report after the close.