NEWS - The 1-month T-bill yield in the US surged by 13% in one day, coinciding with a significant increase in Bitcoin (now trading above 45k for the 1st time
Typically, sharp spikes in short-term T-bill yields suggest a large financial entity collapsing. Source: Dump Watcher
bitcoin annual returns 2010-2023
Source: Charlie Bilello
The “HODL” meme started a decade ago today when a user misspelled the word “holding”
On that day, bitcoin $BTC opened at $678 and "closed" at $522 (i.e last price of the day), so quite a volatile session. If the hodler kept his/her coins, the current unrealized gain is 7,783%. In other words, a $10,000 position at that date is worth today a whopping $788,352. Source: Documenting Bitcoin
David Marcus, Former President of PayPal & Co-founder and CEO of Lightspark, on FASB officially adopting Fair Value Accounting for bitcoin:
“You may think this is a small accounting change that doesn’t mean much. It’s actually a big deal. This removes a large obstacle standing in the way of corporations holding Bitcoin on their balance sheet. 2024 will be a landmark year for BTC.” Source: Swan Media
Gold and digital Gold (aka Bitcoin) seem to enjoy Powell dovishness and dollar weakness
Gold gained 2.4% following dovish Fed meeting, Bitcoin gained almost 5%. Source: HolgerZ, Bloomberg
13 years...
Bitcoin
The bitcoin whales
Source: Tommy Boy
BREAKING >>> bitcoin prices just fell over 5% in a matter of minutes, hitting as low as $41,500
After its eight straight green week, Bitcoin is finally taking a breather. The decline comes at a time of low volume and liquidity. Source: Kobeissi Letter
