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First Mover Asia: Bitcoin Holds Above $21K in Weekend Trading; Solana Web3 Phone Faces Long Odds

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Cryptos’ performance has tracked equity indexes, which regained ground Friday from leaner days earlier in the month. The S&P 500 rose 3.1% on Friday, its best day in two years and finished the week up more than 6%, although the index, which contains a heavy tech component, still lingers in bear market territory, meaning that it is down at least 20% from its previous high. The tech-focused Nasdaq and Dow Jones Industrial Average climbed 3.3% and 3%, respectively as investors savored the brief respite from this year’s drumbeat of dreary economic news.

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