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Price Analysis: BTC, ETH, CHZ, ETC, JON: Market Update

Daily Market Update 1/5: BTC is currently trading around 16.8k and ETH around 1.3k. Notable gainers in the last 24 hours are XEC, CHZ, and ETHW. The global crypto market cap is 853b, down 0.1% over the last day. DeFi TVL is ~40b and BTC dominance is around 42%

Equities are mixed, rates are higher & crypto is flat after a strong US private payrolls report that some are interpreting as suggestive of more hawkish @federalreserve policy. Attention now turns to tomorrow’s euro area inflation and US employment reports

.@SECGov filed a “limited objection” to @BinanceUSs proposed acquisition of Voyager Digital due to lack of necessary information; @TheJusticeDept seized 450m in @RobinhoodApp shares from @FTX_Official Hong Kong lawmaker proposed a CBDC in the form of a gov-backed stablecoin

.@GenesisTrading penned a letter to clients asking for patience as it sorts out its financial situation; @LGUS

announced a partnership with @OorbitOnline & @pixelynx_io to bring interoperable metaverse platforms to TVs

For other notable news of the day, check out the full crypto market commentary report here:

Daily Market Update: Jan 5, 2023 - GSR Markets
This post is based on this twitter thread.


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