BREAKING: Bitcoin is now trading above $56,000 for the first time since November 2021.
Bitcoin is up over 250% from its 2022 low, adding $700 billion in value in less than 2 years. The total market cap of the crypto market is now at $2.25 trillion, more than double its recent low. In the first 2 months of 2024, Bitcoin has logged a near 30% gain. Just a few weeks ago, Bitcoin ETF approvals were called a "sell the news event." Are new all time highs ahead for Bitcoin? Source: The Kobeissi Letter
The 9 new Bitcoin ETFs traded a record $2.4b on Monday, with BlackRock's trading $1.3m.
This is the highest volume day since the $BTC ETFs launched. Source: Bloomberg, Eric Balchunas, Bitcoin Archive
Google testing for a second time strong support
Google is still consolidating since January highs. It's approaching strong swing support level 135-137. Keep an eye on it. Source : Bloomberg
Just like Japan last year, yesterday, the Korean authorities have officially launched a corporate reform plan named the “Corporate Value-Up Program” in order to address the “Korean discount” issue.
Companies trading below book value have been asked to improve shareholders returns, albeit on a voluntary basis. Stricter measures could follow. For the time being, the country is benefiting from the semiconductor recovery cycle. Source : Bloomberg
Why Europeans are nervous about NATO without the US in one chart
Source: Michel A.Arouet
Four companies have accounted for over 90% of the market cap gains in the Nasdaq 100 this year.
Source: Bloomberg, Tavi Costa
Cocoa Hits All-Time High 🚨
Cocoa competing against Nvidia $NVDA to see which one can set the most of new all-time highs this year... Source: Barchart
Chasing Runner's High: Illustrating the remarkable four-year revenue growth of HOKA and On Running by Quartr -> www.quartr.com
HOKA, owned by $DECK and known for its signature maximalist cushion soles and colorful designs, has gained a strong following among both professional athletes and weekend warriors in recent years. The same goes for $ONON, another young running shoes challenger, known for its distinctive CloudTec soles. The patented technology offers a unique blend of cushioning and responsiveness.
