We love hosting these AMAs as it allows us to interact with you, the community, and to answer the questions that you want to hear about. Today, we had the pleasure of hosting an AMA with CryptoDiffer. Just in case you missed it, we’ve created a transcript which you can view below.
CEO Richard Byworth discusses parabolic Bitcoin growth with Scott Melker. Hear about institutional adoption, the future of money, and the only Nasdaq-listed cryptocurrency exchange with a token.
The future happened today, and it took Bitcoin through resistance levels and back to thoughts of a new all-time high—This was the start of yesterday's report, and oddly it's exactly what happened again today. Yesterday it was one payment giant, Visa, and today it's another, PayPal.
In case you missed it, Friday’s session closed on a very bullish note. Equities rose across the board while bonds were almost ignored. The S&P index gained 1.6% while the Dow had its highest close ever. It is worth noting that a large amount of block trades occurred during the weekend, suggesting that we might have surprise moves on Monday, to the upside or the downside. So far, in Asia, futures indicate a slight bullish tilt.
Over the weekend, the governor of the Central Bank of Nigeria claimed his stance on digital currencies was not to discourage trading: “The CBN did not place restrictions from use of cryptocurrencies and we are not discouraging people from trading in it. What we have just done was to prohibit transactions on cryptocurrencies in the banking sector.”
It’s an interesting—albeit confusing—time to look at global markets. With both positive expectations and negative factors, investors are all over the place. The dollar is rising, stocks are rising (typically, you’d expect the opposite), and bonds are being sold, nudging the 10-year yield higher. Gold is staying in place while commodities whipsaw at their own pace—the latest, with oil gaining and then retracing, or with lumber futures boldly rising.
Today's price action has felt like the beginning of a solid bounce away from the $50,000 level. Today's close will be telling as we head into a potentially volatile weekend trading session. Bitcoin has performed well on Saturdays recently, and the bulls will be hoping for a return to the relative safety of $55,000—As will all holders of GBTC.
Following on yesterday’s concerns about the economic recovery, employment data, and higher infection rates, investors sold risk en masse. Bonds didn’t gain much, and the 10-year yield just barely inched lower. The dollar mostly benefited, and as did gold.
We have a new leader in the 'highest Bitcoin prediction' league table. Unsurprisingly, it's Michael Saylor, and I think even Elon Musk, on a space ship, entering warp speed would still be lacking the adrenaline needed to call Bitcoin higher. I go to bed at night, *knowing* I don't own enough Bitcoin, and if the guy who owns 91,326 Bitcoin still doesn't feel he has enough, what hope is there for the rest of us? $5M per BTC was Michael Saylor's latest call, in case you wondered, my precious.
With concerns about the global recovery and high infection rates in the US, investors sold risk-assets yesterday and cycled into bonds and cash. The 10-year yield retraced to 1.60% (still high in the current environment) and the dollar gained against its peers. Most equity indexes dropped about 1-2% and the Russell 2000 actually dropped over 3.6%.
Introducing EQUOS Origin, EQUOS.io's first native token, designed to be the catalyst to enhance your crypto wealth.
Diginex Limited (Nasdaq: EQOS) (the “Company”), a digital assets financial services company, today announced a significant acceleration in account openings and a daily record for retail trading volume on the EQUOS Cryptocurrency Exchange following the launch of the special issuance period for its EQUOS Origin token (“EQO”) on March 16, 2021.
Investors are looking at the same numbers as they were before: yields, inflation, and recovery optimism/pessimism, to then decide what kind of risk they want. Yesterday, with the 10-year yield retreating from a 14-month high, equities broke their losing streak and rose around 1% across the board.
An episode of SALT Talks with host Anthony Scaramucci and Richard Byworth, Chief Executive Officer of Diginex.
With last week ending on a cautious note, it’s likely that this week will also be determined by investors' view on yields. Although they are elevated, this is balanced by the Fed’s accommodating stance on rates.
The weekend trading session was fairly uneventful. Prices moved slightly lower but held above support at $56,118. More telling is the market's inability to hold above $58,400. Today, we have seen support tested once again, despite an earlier rally that tried to recapture the $58,000 handle.