Syz the moment

Source: Win Smart

According to a report by Kaiko Research, BTC’s latest rally is creating about 1500 millionaire wallets daily. However, despite the increase in Bitcoin (BTC) millionaire wallets, Kaiko Research notes that the number of millionaire wallets created daily during the 2021 bull run was closer to 4000, more than double the current number. According to Kaiko Research, low millionaire wallets could be due to the lack of new capital. The report notes, ‘In 2021, there was a huge influx in capital as all manner of bull sought to benefit from the crypto hype. This time around, whales could be taking a more cautious approach, waiting to see if the gains have legs before investing.‘ https://lnkd.in/eabkjiHh

Germany-based Deutsche Boerse announced fully regulated crypto trading platform Deutsche Boerse Digital Exchange (DBDX). The spot trading platform is targeted for institutional clients said the Deutsche Boerse. The new Deutsche Boerse Digital Exchange is the latest step in its digital strategy to deliver a fully regulated and secure environment for institutional trading, settlement, and custody for this digital asset class. The German exchange group last year committed to introduce an integrated digital asset platform as part of its Horizon 2026 program. The initial trading will be request-for-quote basis and gradually moving to multilateral trading. Deutsche Boerse will offer trading venue and Crypto Finance (Deutschland) to provide digital asset clearing and settlement services. source : coingape

The recent approval of bitcoin ETFs, which has enabled record crypto fund inflows, to the tune of $7.7 billion already which blows all of 2021's $5.2 billion inflows (the year when bitcoin hit its previous all time high) away, which also means that the current explosion in crypto is taking place with far less leverage. Annualize that, and you get a shocking number. Source: BofA

cryptos and gold are impossible to value but they are in some extent comparables in the role they play as an alternative to the fiat money system. Currently, Gold is 20.5% of the Fiat money in the 5 largest economies. After recent rally, the total cryptocurrencies market cap is just 3.4%. If you think teh gap between gold and cryptos should continue to narrow, there might be further upside. NB: this is NOT an investemnt recommendation

These were the magazine covers as Crypto was bottoming in November and December of 2022. Keep in mind, this asset class was down towards just $730 Billion TOTAL in the fall of 2022. Source: Allcharts, J-C Parets

Ever wondered where Bitcoin was 80 days before in the previous Halvings ? - In 2016, BTC was -62% below its ATH - In 2020, BTC was -52% below its ATH - In 2024, BTC is currently -42% below its ATH So, even if it seems like Bitcoin's price isn't moving much, it's following a similar pattern to previous cycles. Source: Mags

Source: Walker