Crypto Bouncing Back?
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- 🏀 Crypto Markets Bounce After Disastrous Start to Week. Global markets bounced back Tuesday, but bulls aren't breathing easy just yet.
Read more on Bankless.com - 🇺🇸 Harris Chooses Minnesota Gov. Tim Walz as VP. The governor has not openly discussed crypto regulation but has taken limited steps in his home state.
Read more on Bankless.com - 👾 Ronin Network Recovers $12 Million from Bridge Exploit. Ronin bridge hit with another exploit, this time by security researchers.
Read more on Bankless.com
📸 Daily Market Snapshot: Yesterday's panic subsided, at least briefly, on Tuesday and gave BTC and ETH some breathing room to push up from lows. Crypto's recovery has still proven much slower than Wall Street's. The Nasdaq Composite is down 2.4% from Friday's close to Tuesday's, while the Dow Jones Industrial Avg. has fallen 1.8%. Meanwhile, BTC has dropped 9.4% and ETH a whopping 17% during that same time period.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $1.99T | ↗4.6% | ↘16.0% |
|
BTC $56,623 | ↗4.6% | ↘14.4% |
|
ETH $2,494 | ↗2.3% | ↘23.9% |
|
GFI $2.22 | ↗23.3% | ↘17.8% |
It's been a scary couple of days in crypto as the sector has seemed to front-run investor fear around the state of the global economy.
Today's market action has already shown the virtues of patience, especially when it comes to unwinding deep conviction bets in new technologies. While crypto assets have shown resilience today and are bouncing upwards of 20% off of this most recent rout's lows, there's still plenty of fear in the market.
Today, we dig into 5 compelling reasons not to smash the sell button 👇
Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
Do we have a right to own crypto assets?
We brought in the perfect guest to walk us through the Constitution and Bill of Rights and make the case for our already existent constitutional right to Crypto.
Richard Jackson is the Deputy AG for the State of Oklahoma for Technology & Digital Assets. He’s an economist, turned legal and crypto native, working to make Oklahoma the most crypto-friendly state in the union.
Hear all of the analysis! 👇
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.