Summary
TLDR: Bitcoin and ether are down around 3%, with most of the market in the red. Solana is competing with Ethereum in terms of transactions and market cap. Bitcoin mining stocks are struggling, with some outperforming the S&P 500. Executives at crypto companies have sold $480 million in shares, while Core Scientific directors have bought $1.23 million in shares.
Key Points
1. Bitcoin and ether are both down around 3%, with Bitcoin hovering around $64,700 and ether at $3,430. ETH is still 30% below its price record from 2021.
2. Fantom (FTM) is the best performer with 11%, followed by internet computer (ICP) and Axie Infinity-adjacent ronin (RON) with 8.9% and 6.5% gains, respectively.
3. Solana is closer than ever to flipping ether, with its market cap equivalent to 19% of ETH, up from less than 4% last year.