The crypto landscape is witnessing seismic shifts, with Bitcoin soaring by a staggering 162% since 2020, outpacing the S&P500's 25% growth. As Bitcoin's dominance touches 54%, we're just 6% shy of potentially triggering an altcoin season. Historically, Bitcoin has always been the torchbearer, leading the rally, and this time seems no different.
In This Episode:
- BTC Up 162% Since 2020, S&P500 Up 25%
- BTC Dominance hits 54%... 6% away from altcoin season?
- The BTC Dominance Trade - Bitcoin Always Leads the Rally
- CNBC Starting to Cover Bitcoin Again
- Pomp on CNBC: Bitcoiners and Wall St. Are Working Together to Pump the Market As a New Asset Class Emerges to Mainstream
- Estimates Put Potential Inflows from Bitcoin Spot ETF Around $600B - Why That Might Not Be Accurate
- FTX Reclaims Approximately $7B in Assets and Seeks the Possibility of Re-Opening the Exchange Under New Management
- Can't Be a Bull Market Without CEX Infrastructure Outages - Binance Comes Back Online After Exchange Outage and $100B Trading Volume on Tuesday, Highest Since FTX Crash in Nov 2022
Mainstream media, with CNBC at the forefront, is once again turning its spotlight on Bitcoin, signaling its growing influence in the financial world. Anthony "Pomp" Pompliano's recent appearance on CNBC shed light on an intriguing collaboration - Bitcoin enthusiasts and Wall Street giants joining forces to pump the market, heralding the rise of a new mainstream asset class.
While the buzz around the potential inflows from the Bitcoin Spot ETF is estimated at a whopping $600B, there's a debate on the accuracy of this figure. In the midst of this bullish momentum, FTX is making headlines by reclaiming around $7B in assets and exploring the possibility of a relaunch under new leadership.
However, it's not all smooth sailing. The crypto world faced a hiccup with Binance experiencing an outage, especially significant given their record-breaking $100B trading volume on Tuesday, the highest since the FTX crash in November 2022.
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This article contains alphaI am trying to figure out how to get it on my list of alpha articles.
I love the way BTC has been going these recent time and with the price affect others
but be careful of who, wher, you chose to trade
Sure
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Siked about the markets moving again. Even it we stick in this range for a year..it feels like the worst is reay over and building will be the way to score
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STOPCounter-trading Cramer is a demonstrably effective way to make money.
This Twitter account has made an entire brand out it:
Screengrab here from CoinGecko, sorted by increase over the past week. Interesting to see Pepe at the top of the chart - is this the "flight to quality" ?
Polygon's Matic token seems to be tracking Bitcoin very tightly - I'm assuming there a large chunk of Wrapped-Bitcoin on Polygon. Since the wide profusion of wrapped tokens there seems to be more synchronicity between chains.
My intuition is telling me that all altcoins will not see the same gains this time around - there is almost too much dilution of capital and liquidity with so many chains that perform the same function.
Great minds think alike! haha I did a post on this too not too long ago
Love to hear this pundits that have no idea. Has someone ever call them on their bullshit? I know they had the inverse Cramer ETF.
Now I just wait for Cramer to announce that my life is about to fall apart. I need this!