Is Everything Cooked?
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- 🫨 Crypto Markets Reeling as Investors Panic. Bitcoin and Ethereum are getting hit hard as global markets falter.
Read more on Bankless.com - 🤦♀️ Sen. Warren Pushes CFTC to Finalize Ban on Political Betting. The top crypto critic takes aim at Polymarket and other prediction markets.
Read more on Bankless.com - ☹️ Solana Memecoins Tumble Amid Broader Crypto Sell-Off. Solana's cycle-leading memecoin sector is crashing hard.
Read more on Bankless.com
📸 Daily Market Snapshot: Crypto markets were dealt stunning losses in quick succession Sunday as ETH entered free fall and BTC and Alts later followed. Today, as the damage has cleared, ETH is still down 26% week-over-week, now resting below a $300B market cap – far from the post-ETF revelry most investors planned for.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $1.91T | ↘8.3% | ↘20.7% |
|
BTC $54,601 | ↘7.4% | ↘18.8% |
|
ETH $2,437 | ↘11.2% | ↘26.5% |
|
FET $0.80 | ↘15.9% | ↘34.8% |
Last week, you could have been forgiven for taking a rosy outlook on markets, but this morning, investors around the globe have found themselves gripped with panic, leading many bulls to reassess their prior convictions.
Is it time to alter yours?
See why investors are feeling so bearish right now 👇
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.
The crypto market is having a bad time.
Crypto just experienced one of its largest ever single-day drops as investors across the globe aim to stave off losses from an economic slowdown.
What's causing all of this mayhem? David and Ryan go live with a rundown on how we got here and where we could go next.
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.