Walking into work this morning with $BTC trading above $71,000
Source: Trend Spider
Strong momentum for Solana $SOL and poor momentum for Ethereum $ETH
Source: SolanaFloor
BREAKING 🚨: Ethereum
$ETH falls to its lowest valuation against Bitcoin $BTC since April 2021 Source: Barchart
The NFT bubble was as bad as the Tulips one.
They aren’t ever coming back. Imagine paying $1 million for one a few years ago Source: tealthQE4 (@QE Infinity) on X
THE BITCOIN SUPPLY-DEMAND MISMATCH EXPLAINED IN ONE NUMBER
Spot Bitcoin ETFs bought 5,676 BTC yesterday, while miners only produced 450 BTC Source: Bitcoin Magazine
JUST IN: Bitcoin $BTC will become as big as the entire U.S.
Housing Market says BlackRock $BLK CEO Larry Fink. For reference, Bitcoin's market size is currently $1.3 Trillion while the U.S. Housing Market is north of $50 Trillion. Source: Barchart
A hard start of the month for bitcoin
Uptober vs. Uptover Source: Trend Spider
BlackRock Reveals It’s Quietly Preparing For A $35 Trillion Federal Reserve Dollar Crisis With Bitcoin—Predicted To Spark A Sudden Price Boom
As fears swirl the U.S. dollar is on "the verge of a total collapse," the world's largest asset manager BlackRock has warned of "growing concerns" around the spiraling $35 trillion U.S. debt pile that's predicted to drive "institutional interest in bitcoin." "The growing concerns in the U.S. and abroad over the state of U.S. federal deficits and debt has increased the appeal of potential alternative reserve assets as a potential hedge against possible future events affecting the U.S. dollar," BlackRock's exchange-traded fund (ETF) chief investment officer, its head of crypto and its head of fixed income global macro wrote in a paper outlining the investment case for bitcoin. "This dynamic appears to be also taking hold in other countries where debt accumulation has been significant," the authors of the BlackRock paper added. "In our experience with clients to date, this explains a substantial portion of the recent broadening institutional interest in bitcoin." BlackRock, which has around $10 trillion in assets under management, described bitcoin as a "unique diversifier" to hedge against economic and political risk. "While bitcoin has shown instances of short-term co-movements with equities and other 'risk assets,' over the longer term its fundamental drivers are starkly different, and in many cases inverted, versus most traditional investment assets," the paper concluded. Source: Forbes Digital Assets >>> https://lnkd.in/ePufVM9J
