Global risk assets are mixed and BTC is outperforming. The rest of the Top 10 is also performing well with most up at least +10%.
Bitcoin (BTC) correlations with physical gold are relatively insignificant. On Monday, US equity futures were down over 3% on what has widely been described as a reaction to coronavirus spreading within southern Europe. Most of the Top 10 cryptos were down over 5%
The CME Group Bitcoin futures and options are showing growth and more market participants.
Crypto continues to push higher though BTC is lagging the rest of the Top 10.
Yesterday, Roger Ver's Announced They Had Pulled Their Mining Pool's Support Of The Upcoming Bitcoin Cash (BCH) Block Reward Development Fund Proposal.
The World Economic Forum Took Place Last Week And One Of The Main Talking Points Of The Entire Event Was Central Bank Digital Currency (CBDC) - Most Of The World's Major Central Banks Are Investigating Or Undergoing Plans To Launch Their Own CBDC.
Crypto is lower this morning, with most in the Top 10 down at least -3%. Spot volumes have remained in line with what we've seen over the last 3-days.
Binance Has Changed The Metrics That Informs Their Decision On Their Quarterly Binance Coin (BNB) Burn - The Announcement Was Made In A Questionably Covert Manner And Reduces Transparency
Crypto markets are lower this morning as the sector sees a pullback from its aggressive run-up earlier in the week. Spot volumes, while still above the 30-day average, are only about a third of what they were Tuesday and Wednesday.
Some of the more aggressive moves saw DASH up in the range of 100% over 24-hours, Zcash (ZEC) +70%, ETH Classic (ETC) +50% and Bitcoin Cash (BCH) +40%. Bitcoin SV (BSV) was far and away the best performer (+200% at its highs).