Ethereum is at new all time highs above $4000 this morning. Dogecoin has crapped out after SNL but the market still loooks strong.
Crypto stocks are coming back into play in the OTC market. Will be watching for that to translate to the Nasdaq. I’m watching low priced play only though. Too many bagholders in MARA and ROIT for me.
The meme cryptos are fading (for now) and the classics are taking the lead. Bitcoin is holding its uptrend nicely just above the 50 day moving average. Ethereum is now twice its 50 DMA, typically a sell point for me. No position in ETH. Still long Bitcoin.
Futures are mixed as the broader markets continue to grind higher. I’m still risk off.
OTC (on watch, no levels):
LTNC, BBKCF, HTZGQ, DCSR, LFAP, BFARF, GGII, RGBP, AABB