10 Mar: Week Recap


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Top Performing Assets (7 Days): $SHIB 55.36% | $BNB 18.66% | $DOGE 16.52%

TIME MACHINE

Happy Saturday Folks! As I type Bitcoin is trading at 68,542. Another week where Bitcoin is up $6,262 M-F and week over week it's up $6,513. It would not shock me to see Bitcoin trading near $80K by this time next week. Fear and Greed is at 84.

Couple weeks ago Bitcoin was up down $483 and Last Week Bitcoin was trading at $62,029 and for that week (M-F) Bitcoin was up a whopping $6,370; week over week it's up a whopping $10,4327! The best performing asset last week was $DOGE - up 55.88% in position #9 on Coinmarketcap.com. Couple weeks ago the Fear and Greed Index was at 72 and today it's 80.

Last Week Top Performing Assets (7 Days): $DOGE 55.88% | $SOL 31.11% | $BTC 21.18%
Couple Week Top Performing Assets (7 Days):
$TRX 12.64% | $ETH 11.77% | $BNB 11.51% 

MY HOT TAKE

What a helluva week? Just like the week before, Bitcoin pushes higher and "touches" $70K (Remember FiboSwanny talked about that in his video last week) and Crypto Twitter goes bananas. The overall sentiment continues to shift into the belief that $100K before halving day is not only possible but probable; finally I will be able to change my handle on X (formerly known as Twitter.)

Most covered news of the week was about MicroStrategy preparing to purchase another $700M worth of Bitcoin. What you must keep in mind is that Michael Saylor has a vehicle that most do not. He can continue to print money to buy $BTC as long as this bull market continues. 

There were a lot of really good Podcasts and I'd recommend listening to Preston's interview with Luke Gromen on Wednesday as he talks about the Macro Outlook for Q1. Well that is a wrap for me folks, until next weekend Be Smart. Be Safe. Stack Sats. HODL! 

THE WEEDS

Monday the price of Bitcoin closed at $62,027.80 and the most covered news of the day was 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) 
Podcasts of the Day: What Satoshi Got Right About Bitcoin's Future | NLW

Tuesday the price of Bitcoin closed at $63,605.80 and the most covered news of the day was the Group of Nine Bitcoin Spot ETFs inflows reached $562M (with $10B trading volume) and the night before we learned that MicroStrategy was preparing to buy $600M more in Bitcoin; they've increased to $700M.
Podcasts of the Day: Unexpected Allies: 8 States File Amicus Brief Against SEC in Kraken Case | The Breakdown

By Wednesday (Humpday) the price of Bitcoin closed at $67,802.90 and the most covered news of the day was Bitcoin had a "V-shaped" recovery which opened a path toward $76K.
Podcasts of the Day: BTC172: Macro Outlook Q1 2024 w/ Luke Gromen | Bitcoin Fundamentals

Right over the hump on Thursday the price of Bitcoin closed at $67,079.50 and the most covered news of the day was Arizona lawmakers cited rapid growth of the Spot Bitcoin ETFs as a reason to add them to retirement portfolios(3) and Gary Gensler refused to answer if $ETH is a security.(3)
Podcasts of the Day: How High Can Bitcoin go Before the Halving?! | Bitcoin Magazine

As the week came to a close on Friday the price of Bitcoin closed at $68,289.50 and the most covered news of the day was Bitcoin broke another ATH and touched $70K,(2) Should #BTC break below this pivotal threshold, eyes will turn to $60,600 as the next crucial support zone, according to Ali Martinez,(2) and Ethereum doesn't have any resistance up to it's all-time high; possibly hitting $10K this year.(2)
Podcasts of the Day: Inside Bitcoin’s Early Days | Pete Rizzo & Jason Yanowitz | TCSS

WEEKEND NEWS

Bitcoin whales are not selling despite hitting $70K, the holding growth "is going parabolic." Some analyst and experts see a possible surge to $92K within the coming weeks. Daily inflows into Bitcoin accumulation addresses have risen to 38,000 BTC, pushing the total holdings of such wallets to record-high levels of 1.5 million BTC.

Bill Ackman was pondering if he should buy Bitcoin since it appears to be going on forever.(4)

BlackRock surpasses MicroStrategy in Bitcoin holdings; it only took 2 months vice 4 years. Also they are adding Bitcoin ETFs to its global allocation fund. $BNB price soars to its 2 year-high and $SOL hits two-year high and remains undervalued.

Many terrible cryptos are trading at "crazy valuations" so be careful warns Bitwise CIO Matt Hougan.

While many experts doubt Ethereum (ETH) ETF approval might follow this year, The ETF Store president Nate Geraci maintains optimism.

 

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TheCryptoCurator
TheCryptoCurator

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


The Crypto Curator
The Crypto Curator

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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