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TylerD 🧙‍♂️
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Crypto news & analysis | @RugRadio | @fomohour at 10 am | Writing The Morning Minute | Pengu Maxi
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TylerD 🧙‍♂️
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The Morning Minute (2.6) Powered by @yeet ⏰Top News: -Crypto majors crash on Thursday as BTC hits $60k before rebounding -HYPE / BTC hits new ATH as Hyperliquid’s token holds strong -JPMorgan says BTC could be a stronger play than Gold now post-selloff -Polymarket’s parent company filed a trademark for $POLY, outlines token plans -Rainbow Wallet’s RNBW token debuts at $34M fdv 🌎 Macro Crypto and Markets -Crypto majors are very red another 5-8% after another brutal selloff that saw BTC go to $60k; BTC -5% at $66.3K; ETH -7% at $1,920; SOL -9% at $82; XRP +1% at ~$1.37 -QNT (+5%), HYPE (+4%) and FLR (+7%) led top movers -The HYPE / BTC ratio hit a new ATH as Hyperliquid held strong during the Bitcoin crash -JPMorgan said Bitcoin could be “more attractive” than gold over time as a store of value, despite the current rout -Bitcoin mining stocks are approaching crisis as BTC trades near the $60K-$80K production cost range; mining difficulty expected to drop 13% Saturday. -Gemini is cutting 25% of staff and exiting UK, EU, and Australia; accounts close Apr 6 Corporate Treasuries & ETFs -The BTC ETFs saw $434M in net outflows while the ETH ETFs saw $80M -Strategy reported a $12.4B Q4 loss as BTC fell below its $76K average cost; MSTR down 76% from November peak -Tom Lee’s BitMine hit a 7-month stock low with $8B in unrealized losses on its Ethereum holdings Meme Coin Tracker -Meme majors were mostly red down 3-5%; DOGE -5%, SHIB -4%, PEPE -5%, TRUMP -17%, FARTCOIN -3% -BigTrout (+88%), arc (+23%), Buttcoin (+43%) and WhiteWhale (+30%) were notable movers 💰 Token, Airdrop & Protocol Tracker -Polymarket’s parent company filed a trademark for POLY and $POLY, including plans for a token -Rainbow’s RNBW token opened at a $34M fdv in its first day of trading ($7M market cap) 🚚 What is happening in NFTs? -NFT leaders rallied in ETH terms despite ETH falling; Punks +11% at 29.9 ETH, Pudgy even at 4.17 ETH, BAYC +8% at 5.8 ETH; Hypurr’s -2% at 476 HYPE -MAYC (+8%) and Moonbirds (+7%) led notable movers -CryptoPunks saw 30+ sales yesterday amidst the carnage, showing strong support at the $50k level
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