The market continues its rally, with $BTC briefly hitting the 64.6k mark. As of now, $BTC is trading at $64,258 and $ETH is trading at $2,652.
Yesterday, the PBOC lowered key interest rates and allowed funds and brokers to access up to 500B CNY of PBOC funds for stock purchases. However, Bitcoin's muted response to this news, contrasted with rallying Chinese indices, indicates that its current beta is more closely tied to Fed policy and U.S. markets (full details here).
A few crypto headlines include Ex-Alameda Research CEO Caroline Ellison being sentenced to two years in prison for her role in the FTX fraud, $LOKA being listed on Binance futures, and Benchmark stating that MicroStrategy could soon generate yield by lending its bitcoin holdings.
During the last 24 hours, the top three gainers were $PRIME, $SEI, and $ENA, while the top three losers were $MX, $NEIRO, and $AAVE.
