BTC is currently trading around $37,600 and ETH around $2,800. Notable gainers in the last 24 hours are LEO, JUNO, and KSM. The global crypto market cap is $1.82T, up 3.1% over the last day. DeFi Total Value Locked is ~$206b and BTC dominance is around 41%.
The crypto markets bounced back overnight, as Amazon reported record revenues yesterday post-close causing its stock to jump 12% pre-market. Additionally, Jump Crypto, the owner of the development company behind the Wormhole bridge, replaced over $320m of ETH that had been exploited from the bridge a day earlier, putting a quick end to the uncertainty and ensuring bridged ETH on Solana is fully backed. Crypto markets, however, started retreating shortly ago after the US employment numbers showed strong job gains and higher than expected wage growth that is supportive of Fed policy tightening.
In other news: a bill providing tax relief for crypto gains less than $200 was re-introduced into the US congress; the Boston Fed and MIT published open-source CBDC software as well as initial research that found “downsides” associated with DLT; the Super Bowl will be issuing commemorative NFTs along with each ticket sold; and, DEX aggregator 1inch has launched Earn, a collection of liquidity pools optimized for stablecoin swaps.2022.02.04
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