$BTC 24 Hour High $20,380.34 / Low $19,523 | $BTC +3.0% Past 24 hours; +5.6% Past 7 days
Cryptomarkets benefit from slightly weaker dollar and good equity markets upturn. Bitcoin reclaimed 20k level while the crypto market capitalization reclaimed 1 trillion mark. The Biden administration urges Congress to pass laws to clear up cryptocurrency regulations.
Equities, Commodities & Macro
Asian are looking to benefit from the best two day run for US equities and move higher. Oil price continues to go up as OPEC+ considering a cut of supply. Twitter acquisition deal is back on the table, as they confirmed they received a 44bil offer from Elon Musk to close the deal at $54.2.
Digital Assets Market
- Total crypto market capitalization stands at $1Trillion, +2.2% from yesterday
- $BTC is -0.71% at time of writing; 24H liquidations and funding rates: 31.52M, +0.00295%
- $ETH is -0.62% at time of writing; 24H liquidations and funding rates: 16.74M, -0.00471%
- Stablecoins market dominance: USDT 45.80%; USDC 31.51%; BUSD 14.19%; DAI 4.28%
Alts and DeFi watch
- DeFi TVL: $55.37B (0.00% over last 24 hours)
- $SOL +2.1% in the last 24 hours, +4,6% in the past week
- $SHIB +0.1% in the last 24 hours, +2.3% in the past week
- $ADA +0.6% in the last 24 hours, -4.8% in the past week
- $ENJ +0.2% in the last 24 hours, -4.4% in the past week
More news that caught our eye
- Custodian Anchorage Adds to Asia Push With Batch of Institutional Crypto Partners
- M31 Capital launches $100M Web3 investment fund with $50M in commitments so far
- Horizon Blockchain Games Raises $40 Million From Ubisoft, Take-Two and Other Investors
- Mastercard Unveils Secure Tool To Fight Growing Crypto Fraudulent Activities
- Climate start-up partners with Ripple to launch marketplace for carbon credits
OSL Trader View is contributed by Hans-Stefan von Haenisch, Ethan Fu, Tiffany Wee, Melvin Gallu, Keith Hwam & Kevin Lee.
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