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The past 24 hours have been relatively quiet on the Bitcoin and Ethereum front. Bitcoin remains range-bound around $112K, while Ethereum is battling to stay green today. Meanwhile, the broader market has found some strength. As expected and mentioned in yesterday’s Morning Note, Solana is leading the charge.
Solana continues to push ahead, while Chainlink has also found its footing again, matching Solana’s 5%+ rally yesterday. This comes on the back of news that the US Department of Commerce has partnered with Chainlink to bring government macroeconomic data onchain. A major step forward for crypto adoption, and importantly, a sign that legitimacy is extending beyond just Bitcoin.
While Bitcoin waits for flow to return, its traditional risk-on counterparts are showing strength. The S&P 500 has closed above 6,500 for the first time in history, and the Nasdaq now sits just over 1% away from its all-time high.
Stormrake Spotlight: Hedera (HBAR) ($0.240)
Stormrake Spotlight: Hedera (HBAR) ($0.240)
