Today’s pre-market trading is relatively quiet with the notable exception of certain crypto names.
Today’s pre-market trading is relatively quiet with the notable exception of certain crypto names. Reports say CRCL has gained OCC approval for its crypto bank, lifting not just CRCL, but also COIN and MSTR.
David Letterman used to have a segment on his show called “Is this anything?” The curtain would pull back, revealing some oddball act, like a man in a bumblebee suit playing the xylophone, and Letterman and his co-hosts would decide if what they’d just seen was, in fact, anything.
Experienced traders are probably getting the same sensation from the CRCL news, though the stakes are more serious than those with which Letterman was dealing. The CRCL news could be a watershed event for the crypto space, or it could be an opportunity to get short names impacted by a persisting downtrend in Bitcoin. Risk tolerant traders should watch this space (and intraday updates to the Kapnotes board) closely for related developments in today’s trading action. Not for beginners.
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