COIN made its debut yesterday and was met with a lot of excitement and volatility. It ended the day with a market cap near $60 billion. As a comparison, ICE the parent company of the NYSE has a market cap of $67 billion.
Bitcoin has held up well and remains above $60,000.
Markets were mixed yesterday with the Russell 2000 logging the best performance of all the indexes. I hope that brings a focus back towards small caps, which are lagging behind the rest of the market.
Retail trading, which I rely on for my setups, is at a year-long low. The focus is constantly shifting and I’m waiting for the opportunities to shift back in my favor.
Futures are up. I remain bullish and risk on for the perfect setup.