"It is easier to prevent bad habits than to break them."
–Benjamin Franklin
Powered by Wubits - don't pay to "Xweet," get paid to engage.
Top Performing Assets (24 Hours): $SHIB 57.83% | $DOGE 14.39% | $ETH 7.08%
READ
Happy Tuesday Folks! Bitcoin is trading up at $67,245.
TIME MACHINE
A couple weeks ago, Edward Snowden called Bitcoin the "most significant monetary advance since the creation of coinage"(3) and Ethereum continued its strong run, pushing higher toward $3K and it hit shortly after publishing.(5) Last week I said...Bitcoin continues to struggle right around $52.5K. If it can break that level I believe we will see high $60K - guess what? Went much higher than I ever imagined! It jumped over $57K and adding $140B daily; liquidating the shorts.(4) In addition, MicroStrategy slammed the buy button once again to the tune of $155M worth of $BTC!(6) Yesterday, Bitcoin popped above $65K and was headed to an all-time high and MicroStrategy announced they will never stop buying Bitcoin by raising another $600M to buy more Bitcoin.(4)
Top Performing Assets Last Week (24 Hours): $DOGE 11.74% | $BTC 10.66% | $SOL 10.27%
CURRENT NEWS
Today, Bitcoin ETF inflows reached $562M as Bitcoin was eyeing all-time highs but within inches it pulls back to $66K ($500M in long liquidations (2)) and is once again trying to rally back up; traders dismiss a triple top. BOOM! ATH reached .... and it's gone. lol (5) 100% of Bitcoin wallets are now in profit. 45% of all Bitcoin hasn't moved in more than 3 years. Bitcoin has flipped Silver.
Deribit's Bitcoin volatility index signals wild price action ahead by hitting a 16-month high;(3) also open interest has skyrocketed. Stanford’s Blyth Fund allocates 7% of its portfolio to Bitcoin.(3) Bitcoin ETF assets more than halfway to surpassing gold funds.
Willy Woo believes Bitcoin will break $125K before end of 2025.
$ETH could see a 17x rally as Ethereum is fairly valued. SEC pushed back the BlackRock Ethereum ETF once again which we all knew they would. Stacked $ETH grows to $116B ahead of the Dencun upgrade. Don't look now but SHIB has broken into the top 10!
Deutsche Boerse starts Crypto trading platform for institutional clients.
MID-DAY
Research firm Bernstein says the cryptocurrency asset management industry is poised for a major expansion, potentially reaching $650 billion, with spot Bitcoin ETFs at the forefront.
WATCH
LISTEN
Podcasts of the Day: Unexpected Allies: 8 States File Amicus Brief Against SEC in Kraken Case | The Breakdown
