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 -0.10% has rebounded from yesterday’s low of $56.5k and is now trading just above $59k, while ETH 0.28% is attempting to break through $3k resistance. SOL 0.13% 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 -4.68% , W -3.33% , PEPE, OP -6.05% , IMX -3.52% , and BONK -4.99% . 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 0.88% and ^SPX are up on the day as investors await a critical AAPL earnings call after the close. For the crypto cohort, COIN 3.07% is also set to report after the close.