A New Kind of Bull Market?
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- 🪙 CBDCs not coming soon. A Bank of America report details that CBDCs are a long way off despite real Fed Reserve interest.
- ❎ OKX planning L2. The 6th largest crypto exchange wants in on L2s, announcing an effort called "X1" built on Polygon's CDK.
- 💰 Blockchain.com raises. The exchange is reportedly raising $110M at a $7B valuation, half of what it raised at in 2022.
📈 Crypto Bounces Back: Last Thursday, crypto pumped on news that BlackRock was filing for a spot Ether ETF, but tokens have been caught in a downtrend since! Today, crypto majors are putting in defiant green candles and retracing yesterday’s sizable losses...
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $1.43T | ↗ 5.2% | ↗ 6.7% |
|
BTC $37,673 | ↗ 5.9% | ↗ 5.8% |
|
ETH $2,047 | ↗ 3.3% | ↗ 8.4% |
Apparently, it’s a bull market. That’s what everyone is saying, at least.
But there’s something different about this bullish sentiment from previous cycles, and it’s worth identifying...
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