Daily Market Update: December 7, 2023

December 7, 2023

BTC is currently trading around $43,300 and ETH around $2,250.  Notable gainers in the last 24 hours are HNT, BONK, and ORDI.  The global crypto market cap is $1.66T, down 1.0% over the last day.  DeFi Total Value Locked is ~$50b and BTC dominance is around 55%.

Notable news includes: Robinhood Crypto launched in the EU; BBVA Switzerland announced a digital asset custody partnership with Metaco; Sotheby’s announced its first Bitcoin Ordinals sale; BRC-20 token ORDI is up nearly 200% and 450% over the last week and month, respectively; a federal judge accepted CZ’s guilty plea but has yet to decide if he can leave the country before his February sentencing; and, Merit Circle’s gaming-focused ecosystem Beam will launch on the Polygon-powered Immutable zkEVM.

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Matt Kunke, Research Analyst | TwitterTelegramLinkedIn
Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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