【Today's Market Wrap】
Mainstream coins went flat today, with BTC at $65,034, ETH at $1,758, and SOL at $72, all down 2-3%. The overall environment lacks excitement, so funds are rushing to chase the gainers. Looking at the top five, half are obscure altcoins, and one surged 65% with no news—CREAM. I'm skipping that one; no story, no write-up.
WAVES is up 12% today, priced at $1.076.
This old chain finally stirred a bit. Reports say WAVES announced a new blockchain investment fund, and while details are scarce, the market loves the sound of "blockchain investment"—bottom feeders and stealth traders are all in. WAVES has been around long enough, weathered the 2022 UST collapse, and faced rebranding drama, so its ability to stick around and still trade shows some serious resilience.
Of course, don’t get too excited. Historically, WAVES has had its ups and downs; each time it spikes, it usually flattens out after a couple of days. Whether this time is different, only time will tell.
Not much to say on the macro front—SpaceX’s recent IPO has drawn a lot of capital attention, Bitcoin ETFs are seeing continued outflows this week, and US stocks are consolidating at highs. Money has places to go; crypto isn't the only game in town.
That’s it for today, don’t chase the highs, avoid FOMO, and remember, staying alive is the most important thing.
$BTC
$SPCXB
Mainstream coins went flat today, with BTC at $65,034, ETH at $1,758, and SOL at $72, all down 2-3%. The overall environment lacks excitement, so funds are rushing to chase the gainers. Looking at the top five, half are obscure altcoins, and one surged 65% with no news—CREAM. I'm skipping that one; no story, no write-up.
WAVES is up 12% today, priced at $1.076.
This old chain finally stirred a bit. Reports say WAVES announced a new blockchain investment fund, and while details are scarce, the market loves the sound of "blockchain investment"—bottom feeders and stealth traders are all in. WAVES has been around long enough, weathered the 2022 UST collapse, and faced rebranding drama, so its ability to stick around and still trade shows some serious resilience.
Of course, don’t get too excited. Historically, WAVES has had its ups and downs; each time it spikes, it usually flattens out after a couple of days. Whether this time is different, only time will tell.
Not much to say on the macro front—SpaceX’s recent IPO has drawn a lot of capital attention, Bitcoin ETFs are seeing continued outflows this week, and US stocks are consolidating at highs. Money has places to go; crypto isn't the only game in town.
That’s it for today, don’t chase the highs, avoid FOMO, and remember, staying alive is the most important thing.
$BTC
$SPCXB