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Solana Hits All-Time High Against ETH. Amid ETH's drawdown, SOL's ether-denominated market cap has reached new heights.
Read more on Bankless.com - 🇯🇵 Bank of Japan Backs Away from Future Rate Hikes. The BOJ seeks to rein in fears of major policy catalyst that triggered market panic.
Read more on Bankless.com - 🤖
Grayscale Launches SUI and TAO Trusts. Grayscale adds some of this cycle's buzziest new entrants to its list of trust offerings.
Read more on Bankless.com
📸 Daily Market Snapshot: ETH's brutal week showed few signs of reversing course as the asset gave up yesterday's limited gains and sunk back toward $2,300. Meanwhile, SOL hit ether-denominated all-time highs despite an 18% week-over-week decline. Traders are preparing for a big day of market volatility tomorrow as new U.S. jobless claim numbers are dropping, which will offer traders a chance to repudiate or double down on fears of economic slowdown.
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $1.93T | ↘3.3% | ↘17.9% |
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BTC $54,804 | ↘3.4% | ↘16.0% |
|
ETH $2,343 | ↘5.9% | ↘28.2% |
|
LINK $9.60 | ↘4.8% | ↘26.0% |
Crypto is risky, and abrupt market downturns make this abundantly clear.
Many tokens demonstrated this feature earlier this week when a host of assets found their valuations halved after a week’s worth of negative price action was compounded by a particularly brutal Sunday sell-off. Despite managing to pare back losses on Tuesday, practically every token remains substantially underwater compared to June highs.
Assuming a bear market has truly kicked off, then, sure, the optimal day to de-risk your crypto exposure would have been last Monday, but it's not too late to take proactive measures to safeguard your portfolio against any perceived future harm.
Today, we walk through steps to future-proof your portfolio against losses from a cataclysmic drawdown 👇
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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.
In today’s episode, we tackle the big question: with the massive sell-off earlier this week, is the bull market over?
Our guest, Tom Lee, doesn’t think so. In our conversation, we aim to answer several key questions: Why did markets take a hit on Monday? Is there more pain to come? Is the bull market truly over? What about the possibility of a recession? What are the arguments for both the bear and bull cases?
And finally, we get to Tom's price predictions.
Hear all of the analysis! 👇
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