Summary
TLDR:
Bitcoin is consolidating after rejecting its all-time high, while UNI and RBN are top performers. On-chain data shows inflation in circulating supplies for top cryptocurrencies. Crypto stocks have been volatile, with some outperforming the S&P 500. MicroStrategy has doubled its money on bitcoin and Tesla is up 93% on its bitcoin investment. Ethereum’s TVL value is up, but the number of ETH in DeFi has not changed much. NFT volume is increasing on both Bitcoin and Ethereum blockchains.
Key Points
1. Bitcoin is still consolidating after immediately rejecting its new all-time high yesterday.
2. Uniswap (UNI) and Ribbon Finance (RBN) are the best performing at the top end, surging 71% and 19% over the past day.
3. Memecoin dogwifhat (WIF) follows with 15% as of 8 am ET. WIF, now a $2 billion token, set a new price record about five hours ago and has rallied 500% in the past two weeks.