Trading Desk Market Update: 9:00am EST 7/27
BTC is trading above $38,000 and ETH above $2,300. Notable gainers in the last 24hrs are AXS, CHSB, and OKB. The global crypto market cap is ~$1.57T, a 0.60% decrease over the last day. DEFI Total Value Locked is slightly over $64bn and BTC dominance is slightly under 48%.
Co-Founder of GSR Rich Rosenblum discussed the bitcoin market with the Block “The actions of the Chinese government certainly resulted in some selling,” “But as time passes, so does that selling, and then it allows the market to mean revert back up.”
Global equities markets are set to open lower this morning with Asian equities leading the way lower.
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