Market Wrap: Bitcoin, ETH jumping, as shares are positive on Thursday
Market Wrap: Bitcoin, ETH jumping, as shares are positive on Thursday
- Bitcoin rose by 7.62 % to $ 21,800, while Ether increased by $ 8.27 % to $ 1,284
- The shares of the online gaming company Roblox have increased by 16.2 % to $ 39.52 in the past five days
important cryptocurrency assets were traded up on Thursday. Bitcoin (BTC) rose by 7.62 % to over $ 21,800, while Ether (Eth) increased by 8.27 % to $ 1,284 at 4:00 p.m. in the last 24 hours.
After the publication of the US Federal Reserve's protocol on Wednesday, the US dollar continued to approach and for the first time since then, parity approached the Euro early 2000 .
The US shares also rose on Thursday, which underlines the currently strong correlation between BTC and the US stock market. Nasdaq rose by 2.3 %, while S&P 500 and Dow Jones rose by 1.49 % or 1.12 %.
The concern about crypto masters continues. "There will be no price recovery until the dust has subsided and every endangered company has either gone bankrupt, has been taken over or stabilized," said Michael Rosmer, CEO and co-founder of the data provider Defiyield, the latest flood of failures under crypto credits.
"I think there are concerns about consolidation in the industry, for the most part, because the industry is proud to promote decentralization. So much of the actual defi [Decentralized Finance] Protocols could see this as a kind of call to act to double and expand their superior loan and loan services. Lender - has held damn well in this confusion, ”he said.
The Defi Protocol AAVE today has a proposal for the introduction of a decentralized stable coin with the name gho .
In the event of a permit, according to AAVE, "the StableCoin credit recording as part of the AAVE protocol would make stable coin users more options and generate additional income for the AAVE DAO by sending 100 % of the interest payments for GHO loans to the DAO", the proposal says. Aave token has increased by 13.82 % to $ 71.44 in the last 4 hours.
The shares of the online gaming company Roblox have increased by 16.2 % to $ 39.52 in the past five days. Analysts expected its continuous growth in 2023, yahoo finance .
Jeffrey Halley, a senior market analyst at Oanda, said on Thursday in a note that it seems to be gold after its price was under $ 1,740 per us. of the year.
In the meantime, the further course slide of the euro, according to Rosmer, is still a volatility warning for both crypto and shares. "Germany, the industrial power center of Europe, is facing a dramatic decline in production thanks to the Russian threat of natural gas, and France has just nationalized its national supply company to keep energy costs low," he said.
"Even more investors are fleeing in safe systems, which means that investors could expect further pain as a counterweight to economic struggles in Europe without positive news," he added.
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