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Follow the flows \#Bitcoin ETFs had a significant net inflow of US$ 217 million on 6/05, after a period of outflows. The $GBTC, $FBTC and $IBIT saw notable inflows, with Fidelity leading the pack
**URGENT: BRAZIL NEEDS YOUR HELP!** In the past few days, the southern Brazilian state of Rio Grande do Sul has been severely affected by devastating floods. With over 100,000 people displaced and more than 50 fatalities reported, the situation is dire. @BybitPortugues, in partnership with @foxbit, has set up an EVM wallet to receive donations, while @usebipa has set up a #bitcoin address. Please help us support the relief efforts by donating to the addresses below. From @usebipa**:** Lightning Network: sosrs@<https://bipa.app> BTC Address: bc1qehkf8zar2dkfkp8gnmfd0d9tfnpx6nssk0l7sa From @BybitPortugues and** **@foxbit**:** EVM Address: 0x667065793dC3dFf802da975B54603a7C19d73b91 Your donations will go directly to the relief organizations working tirelessly on the ground to provide aid and support to the affected communities. Every contribution counts! Please share this message to help spread the word and support the people of Rio Grande do Sul in their time of need. Thank you! \#RioGrandeDoSul #HelpBrasil #DonateCrypto #SOS #Ethereum
Despite recent volatility and uncertainty in the digital asset market, #Bitcoin whales continue to demonstrate an optimistic stance by accumulating more $BTC. In the last 24 hours there has been a marked increase in the balance of active whale addresses, highlighting robust confidence among these large investors. This trend could signal a positive long-term outlook for Bitcoin’s value.
Coinbase's first-quarter earnings for 2024 far exceeded Wall Street expectations, signaling a robust performance in the cryptocurrency market. 🚀 Earnings Per Share (EPS): An impressive $ 4.40, blowing past analyst expectations of $ 1.15 by a whopping 323% increase quarter-over-quarter! 💹 Revenue: Surged to $ 1.64 billion, up 72% from the previous quarter and surpassing the forecast of $ 1.36 billion. 💰 Net Income: Reached a remarkable $ 1.2 billion, boosted by a pre-tax crypto asset mark-to-market gain of $ 737 million, bouncing back from a loss in the prior quarter. 🌍 Market Impact: Increased trading volume following the approval of spot Bitcoin ETFs. 🔄 Strategic Focus: Continued expansion of services and offerings, demonstrating Coinbase's adaptability to the dynamic cryptocurrency market. The results are already available onchain https://nft.coinbase.com/mint/coinearnings
Centralized exchanges (CEXs) play an essential role as intermediaries in the crypto landscape, handling transactions worth billions and often being the initial touchpoint for users entering the crypto world. However, the performance and reliability of these exchanges can vary significantly. To ensure the accuracy and reliability of crypto market metrics and indices, Coin Metrics has developed the Trusted Exchange Framework. This framework is used to carefully select exchanges that are included in market metric calculations and to identify the highest quality candidates for indexes. Exchanges are evaluated on several key aspects: **Data Quality**: This measures the reliability and accuracy of data reported by the exchange. **Transparency**: Assessed by the clarity and availability of essential information, such as Proof of Reserves and financial statements. **Resilience & Security**: Evaluates the exchange's capabilities to safeguard its users from various market and security risks. **Regulatory Compliance**: Looks at how well an exchange adheres to regulatory standards, considering both the stringentness of the regulations in its operational region and its compliance efforts. **API Quality**: Determines how effectively an exchange's API can be integrated and used for programmable transactions. The detailed assessment provided by Coin Metrics ensures that only the most reliable exchanges contribute to the critical market data used by investors and analysts globally.
Sell in may and go away in full force 🩸
Sanctum Wonderland just launched! The Sanctum Wonderland is a one-of-a-kind loyalty program that we meticulously crafted to provide an enjoyable experience for our users. This program is designed to make the most out of your SOL, ensuring that your investment is put to good use. https://sanc.tm/w?ref=1FO47Z
Hong Kong’s six new spot bitcoin and ether exchange-traded funds recorded over HK$ 87.5 million ($ 11.2 million) in trading volume on their first trading day on Tuesday
**Exploring the Top Crypto Narratives for 2024** The cryptocurrency landscape is constantly evolving, with new trends emerging every year that captivate investors and technology enthusiasts. As we move into 2024, several key narratives are shaping the future of this dynamic industry. Let’s dive into the most popular crypto narratives expected to dominate the year: *1. Crypto AI* The fusion of artificial intelligence and blockchain technology is creating unprecedented opportunities. Decentralized AI promises to increase efficiency and expand the scope of application of blockchain technology, paving the way for more innovative and autonomous systems. This synergy could potentially revolutionize several sectors, enabling smarter and more autonomous protocols and applications. *2. Meme Coins* Despite their volatility and risk, meme coins continue to capture the imagination of the crypto community. Known for their vibrant and often humorous branding, these coins can garner impressive support and investment, largely driven by social media and community influence. However, potential investors should approach it with caution due to its unpredictable nature. *3. Real World Assets (RWA)* The tokenization of real-world assets remains a promising area within cryptography. Projects that bridge the gap between traditional finance (TradFi) and cryptocurrencies through the tokenization of tangible assets have shown robust performance, attracting interest from investors seeking moderate and sustainable gains. This narrative underscores the growing integration of blockchain technology into everyday financial practices. *4. Decentralized Finance (DeFi)* DeFi has become the cornerstone of the crypto ecosystem, continually expanding its presence. The sector's appeal lies in its ability to offer financial services, such as lending, borrowing and trading, without the need for traditional financial intermediaries, thus democratizing access to financial systems globally. *5. Layer 2 Solutions* With Ethereum's scalability challenges, Layer 2 solutions have gained prominence. These protocols increase transaction speeds and reduce costs, making Ethereum more practical for widespread use. Their continued development and adoption are crucial to supporting the growing demand for decentralized applications (dApps). *6. Play to Earn (GameFi)* Following its rise in a previous bull run, the GameFi sector is evolving with new projects promising improved gameplay and economic models geared towards mass adoption. This trend represents a significant shift in gaming, where players can gain real value as they interact with games. *7. Decentralized Physical Infrastructure Networks (DePIN)* Although complex and less understood by the general public, DePIN is gaining traction, demonstrated by the performance of specific cryptocurrencies like AR. This narrative shares similarities with Crypto AI in its infrastructure-driven approach, but has not yet reached the same level of mainstream enthusiasm. Each of these narratives offers a unique look at the potential future of crypto, highlighting opportunities and challenges. As the industry grows, these trends will likely shape the strategies of investors and developers, guiding innovation in the crypto space for 2024 and beyond.
BlackRock's spot bitcoin ETF continues to soar with its 70th consecutive day of inflows, securing its place among the top 10 ETFs with the longest streaks! This remarkable achievement solidifies its position as one of the most successful ETFs in history.
#Bitcoin's transparency and predictable issuance schedule make it unique among assets. The 50% reduction in block rewards during halving events decreases the overall supply, potentially reducing selling pressure on miners. This four-year automated event not only serves as a powerful marketing tool, but also repeatedly demonstrates Bitcoin's effective deflationary monetary policy. It stands in stark contrast to the ongoing inflation seen in fiat currencies, emphasizing Bitcoin's appeal as a robust investment in the current economic conditions
Parcl is revolutionizing the real estate market by leveraging blockchain technology to democratize access to one of the most valuable asset classes globally, enabling users to trade the price movements of real estate markets around the world with ease and efficiency Try it now! app.parcl.co *referral: puera
SEC filings reveal Wall Street's purchase of $BTC through 13-F forms, which are quarterly reports filed by institutional investors managing more than $ 100 million in assets. These filings provide transparency for regular investors by showing where institutional flows are going, and the latest filings show that some major players are gaining exposure to #Bitcoin through ETFs. Notable buyers include American National Bank, Park Avenue Securities and Inscription Capital, purchasing shares of Ark ETF and GBTC
Since March, Bitcoin (BTC) dominance has been showing a decline, moving away from the 55% peak seen after the FTX crisis. Simultaneously, the market capitalization of Altcoins has been growing. BTC's dominance, which was around 70% in the last halving in May 2020 and 90% in 2016, points to a downward trend as the cryptocurrency market expands. This suggests that we are entering the early phase of an Altcoin season, with BTC dominance possibly reaching a new level of between 50% and 60%.
Excellent infographic from Token Terminal about the new tokenized fund BUIDL from Blackrock
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The DEX sector reached a new peak monthly volume of $ 255 billion in March, signaling a shift towards decentralized platforms. It's a significant leap forward, as we move closer to a future where decentralized exchanges will dominate the financial markets. *Top chains by volume:* 🏆 Ethereum - $ 73,964b 🥈 Solana - $ 57.623b 🥉 BSC - $ 45.107b 🏅 Arbitrum - $ 26.677b 🏅 Thorchain - $ 10.511b 🏅 Avalanche - $ 9,376b 🏅 Base - $ 7.147b 🏅 Polygon - $ 4.857b 🏅 zkSync Was - $ 3.795b 🏅 Sui - $ 3.191b
Backpack now accepts Deposits/ Withdrawls of Bitcoin 👀 Soon $BTC trading will be available 🚀 https://backpack.exchange/refer/9a9cae51-0ef2-4f86-baa7-c52a72d0a83c
In 2024, #Bitcoin demonstrated resilience against US real yields, evidenced by the 2% annual rise in 10-year inflation-protected bonds (TIPS), despite a slight pullback after reaching that peak. Historically, rising yields have tended to depreciate the value of Bitcoin by making risk-free investments like Treasury bonds more attractive. Contrary to expectations, this year, Bitcoin has shown notable resistance to this trend, appreciating 50% since the beginning of the year. Such price strengthening, even with a retreat from the historical peak, suggests the influence of additional factors, such as inflows into spot ETFs, on its appreciation. At the same time, gold, which traditionally depreciates as yields rise, also showed gains, indicating that both rising debt and geopolitical uncertainties may be mitigating the effects of high yields on both assets.
Grass redefines AI training data with its pioneering Layer 2 Data Rollup. It leverages a global web scraping network, rewarding participants as it transforms raw data into AI-ready formats. Join the forefront of data innovation with Grass. Enroll now https://app.getgrass.io/register/?referralCode=5uMqe7C3wNPwTFx
O Que é EIP-4844, a próxima atualização do Ethereum. A introdução do EIP-4844, ou proto-danksharding, marca uma era promissora para o Ethereum, visando reduzir taxas e aumentar o rendimento para cerca de 1.000 transações por segundo através de transações inovadoras com "blobs" de dados. Este passo é crucial na jornada rumo ao danksharding, com o poten Read it here: https://paragraph.xyz/@digitalalpha/o-que-e-eip-4844,-a-proxima-atualizacao-do-ethereum
The number of daily active addresses (DAA) using DeFi on major L1s and L2s reached new 2-year highs with 576K addresses on February 1 using the 7-day SMA. Solana maintained the highest number of daily active DeFi addresses, standing at 196K on February 20, 2024, after reaching a high of 330K on February 1, 2024 (one day after the Jupiter airdrop). Ethereum, on the other hand, has been hemorrhaging DeFi users over the last year (down 24% from 120,000 addresses on February 20, 2023). More details about Ethereum activity and user count will be covered in the next section.
**Stablecoin Stability Assessment revealed by S&P Global Ratings** S&P Global Ratings recently introduced its #stablecoin stability assessment, an innovative development that aims to assess a stablecoin's ability to maintain a stable value relative to a fiat currency. This new assessment is a significant step in the company's commitment to supporting both traditional finance (TradFi) and the rapidly growing universe of crypto-native decentralized finance (DeFi) customers. Stability assessment of a stablecoin employs a scale from 1 (very strong) to 5 (weak) to assess the stability of a stablecoin, taking into account the following aspects: 🔹*Asset quality risks*: Includes credit, market value and custody risks. 🔹*Overcollateralization and settlement mechanisms*: S&P Global Ratings analyzes how these factors can mitigate the risks mentioned above. 🔹*Governance*: The effectiveness of the stablecoin governance structure is examined. 🔹*Legal and regulatory framework*: The assessment examines the stablecoin's compliance with relevant laws and regulations. 🔹*Redeemability and liquidity*: The ease with which users can convert their stablecoins back into fiat currency is assessed. 🔹*Technological and third-party dependencies*: The assessment considers the technological infrastructure and possible external dependencies. 🔹*History*: The past performance of the stablecoin is evaluated to determine its stability. In its initial assessment, S&P Global Ratings evaluated eight leading stablecoins: $DAI, $FDUSD, $FRAX, $GUSD, $USDP, $USDT, $TUSD, and $USDC. Scores range from 2 (strong) to 5 (weak), with the quality of the assets backing the stablecoin being a critical factor in determining the final rating. The importance of stablecoins in the digital asset ecosystem cannot be overstated as they serve as a crucial bridge between TradFi and DeFi capabilities. By facilitating transactions and investments, stablecoins have the potential to significantly impact the functioning of financial markets. However, the need for robust stability assessments, such as that introduced by S&P Global Ratings, is essential to ensure the long-term viability of these digital assets.
Welcome ATH! #WAGMI
Backpack Exchange has quickly grown into a major player in the Solana blockchain stablecoin economy. It had a significant impact, accounting for 15% of all stablecoin transaction activity and handling 5% of the total value transferred. This level of engagement is not only indicative of Backpack Exchange's rapid growth, but also the deepening of its market position, especially when compared to the modest average deposits seen on Solana's other DeFi protocols. With such a sizable portion of stablecoin transactions channeled through it, Backpack Exchange is defining itself as a crucial force, especially in the United States, and is actively shaping the way stablecoins move within the Solana network. Use the link below to create your account https://backpack.exchange/signup?referral=9a9cae51-0ef2-4f86-baa7-c52a72d0a83c
Bitcoin has outperformed all commodities, currencies, stock indices, and the 11 GICS stock market sectors in terms of both absolute and risk-adjusted returns year-to-date. This highlights the growing importance of cryptocurrencies in the financial landscape and their potential as a valuable investment option.
Lens Protocol surpassing 200k profiles! Onchain social networks represent the next step in the evolution of websites, combining self-ownership with composability. Lens apps will resemble conventional websites, but with the added benefit of allowing users to read, write and interact on a public network. Bullish @lens/lens
BTC ETF flows outpacing that of first gold ETF (inflation adjusted) from its 2005 launch. No second best #Bitcoin
Bitcoin is close to renewing its historic highs in relation to the main fiat currencies, showing its fundamental purpose: to challenge traditional financial systems and defend decentralization. This milestone highlights Bitcoin's role as a resilient alternative to global currencies, highlighting its importance in encouraging financial sovereignty and innovation across the world.****
Excellent start guide👏🏼🙏🏽
Lens is now permissionless.
Lens is now permissionless.
Bitcoin's embrace of Ordinals and the "Build on Bitcoin" ethos is reshaping its role in crypto, mirroring Ethereum's growth. New layers and protocols on Bitcoin aim to tap into $ 850B+ in dormant capital, broadening its use beyond just a store of value.
The recent data on ETF aggregate flows since January marks a pivotal moment in the financial sector's 'digital gold' race. Bitcoin ETFs have seen a remarkable influx of investment, with an increase of $ 4 billion, while Gold ETFs have witnessed a downturn, with outflows of $ 2 billion.
Today is election day in El Salvador and Polymarkets is showing 100% chance of reelection of Pres Bukele #Bitcoin
Crypto adoption across continents! We are early 🚀
**Adoption of digital assets in 2023** In a groundbreaking development for the digital asset industry, the latest report from Crypto.com reveals a staggering 34% increase in global digital asset owners throughout 2023. This increase led to a record 580 million crypto investors at the end of the year, a significant jump from 432 million. reported in late 2022. Leading this digital revolution were #Bitcoin and #Ethereum, which saw their user bases expand by 33% and 39%, respectively. This growth translates into the number of Bitcoin users increasing from 222 million to a staggering 296 million, while the number of Ethereum followers rose from 89 million to 124 million in just one year. This increase signifies a major shift in the digital landscape, with Bitcoin now held by 51% of all crypto investors and Ethereum by 21%. This remarkable growth trajectory underscores the growing widespread adoption of cryptocurrencies and their evolving role in the global financial ecosystem.
**Launch of Spot Bitcoin ETFs: a milestone in Bitcoin’s financial journey** #Bitcoin's journey from an alternative digital currency to a recognized asset class has reached a new level with the US Securities and Exchange Commission's (SEC) approval of eleven Spot Bitcoin ETFs. This development is a testament to Bitcoin’s growing influence and acceptance in the financial world. *Investment Facility:* 🔹Spot Bitcoin ETFs streamline the $BTC investment process for all types of investors, eliminating the hurdles of self-custody and complex integration. 🔹These ETFs offer a familiar investment route, expanding Bitcoin's accessibility to a diverse base of investors. *Legitimacy and Integration:* 🔹The launch of ETFs increases Bitcoin's credibility in the financial sector, transitioning it from a niche digital asset to a mainstream investment option. 🔹This greater legitimacy is fundamental to the incorporation of Bitcoin into traditional financial systems, promoting its broader adoption and usefulness. *Market and liquidity impact:* 🔹At their debut, ETFs registered significant trading volumes, demonstrating strong market interest and an immediate impact. 🔹High trading volumes also suggest an improvement in Bitcoin's liquidity and market activity, vital for its stability and growth as a financial asset. *Future Perspectives and the Halving Event:* 🔹The 2024 Bitcoin halving is highly anticipated, intended to slow the rate of creation of new Bitcoins, potentially impacting their scarcity and value. 🔹This event highlights Bitcoin's distinct, mathematically driven monetary policy, differentiating it from conventional, more flexible monetary systems. The launch of ETFs is a watershed moment for Bitcoin, signaling its maturity and integration into the broader financial landscape. This development, along with the upcoming halving event, positions Bitcoin for potentially significant changes in its market dynamics and public perception.
Merry Christmas!🎄🎁🌟
**Bitcoin, the ultimate protection against fiat currency devaluation** When you adjust the performance of #Bitcoin (shown in white), gold (in yellow), the S&P 500 (in green), and the Nasdaq 100 (in red) relative to the FED's balance sheet expansion since January 1, 2020 , Bitcoin's ascendancy is undeniable, rising 228% and significantly outperforming all other assets. The best time to buy Bitcoin was yesterday, the next best time is now.
Record institutional investment in digital assets during 2023 Based on data from CoinShares and from Bloomberg, the week of November 24, 2023 marked a significant milestone in the cryptocurrency market, witnessing the highest levels of institutional investment for the year. With a staggering $ 346 million in inflows, this week surpassed all previous weekly records in 2023. Dominating these investments was #Bitcoin, attracting $ 312 million and bringing its year-to-date inflows to approximately $ 1.5 billion. After Bitcoin, #Solana emerged as the second most preferred asset, with around $ 138 million in cumulative inflows for the year, surpassing #Ethereum, which faced $ 21 million in cumulative outflows, and #XRP, with around US$ 13 million in accumulated entries for the year. Additionally, all three cryptocurrencies – Bitcoin, Ethereum, and Solana – experienced significant increases in trading volumes last month, recording approximately $ 940 million, $ 100 million, and $ 40 million in monthly inflows, respectively. Interestingly, Canada and Germany were the main contributors to this increase, representing 87% of total inflows, with approximately $ 200 million and $ 102 million, respectively. In contrast, US investors showed comparatively less participation, contributing around $ 30 million during the past week. Meanwhile, the trend among short sellers indicated a pullback as short selling products have seen a substantial 61% decrease in assets under management (AUM) since reaching peak volumes in April 2023.
**Solving Modern Challenges with Blockchain Solutions** *👤 The identity problem* Instead of relying on large platforms to manage user identities, SpruceID empowers people to control and possess them. Organizations can also manage the lifecycle of digital credentials (like the DMV is doing with mobile driver's licenses in California) *💰 The Creator Monetization Problem* Only 18,000 musicians (less than 0.2%) on streaming services earn more than $ 50,000 per year. Sound.xyz eliminates middlemen, allowing artists to monetize directly from fans *🌱 The problem of carbon offsetting* The voluntary carbon credit market is opaque and inefficient. As Weareflowcarbon, more funds can flow directly to large environmental projects *🌐 Moderation and social media issues* Biased platform leaders can decide the rules and reach of social networks. But decentralized social networking protocols like Lens Protocol and Farcaster allow users to choose between applications, allowing them to easily move (and own) their data *🛠️ The issue of infrastructure* Lack of competition in the telecommunications industry leads to higher prices and patchy coverage. Helium is working to make 5G available anywhere, at a fraction of the cost, through decentralized wireless infrastructure *📚 The opportunity for online collaboration* Who decides which stories will be made, told and by whom? Story Protocol and Adimverse provide open infrastructure that helps people write, remix, collaborate, and create characters together — all while protecting intellectual property and compensating creators
**Why a Bitcoin ETF will be important for the market** The introduction of a Bitcoin ETF has transformative potential for the digital asset market, mainly due to two factors: greater accessibility for various segments of wealth and greater validation and recognition by regulatory bodies and reputable financial institutions. *Expanding Accessibility* 🔹Broadening the investor base: A Bitcoin ETF simplifies access to Bitcoin investments for retail and wealthy investors, bypassing the need for wealth advisors or institutional platforms. 🔹Diversifying Investment Channels: Allows financial advisors to include Bitcoin in wealth management, accessing a significant segment of untapped wealth. 🔹Capturing older, wealthier demographics: By offering Bitcoin ETFs through trusted brands, you can attract older, wealthier individuals who are less involved in crypto. *Improving acceptance* 🔹Gaining formal recognition and legitimacy: Bitcoin ETFs introduced by established financial brands increase Bitcoin's credibility and promote broader market acceptance. 🔹Addressing regulatory and compliance concerns: SEC-approved Bitcoin ETFs would alleviate security concerns and provide regulatory clarity, boosting investment and industry development. 🔹Reinforcing the role of Bitcoin in investment portfolios: Bitcoin ETFs affirm the value of Bitcoin in diversifying investment portfolios and increasing returns, fitting into various investment strategies. In summary, the introduction of a Bitcoin ETF would mark a significant milestone in the cryptocurrency's journey towards mainstream acceptance. It promises broader accessibility to a diverse range of investors, legitimizes Bitcoin in the eyes of regulatory authorities and traditional financial institutions, and opens new avenues for Bitcoin's inclusion in various investment portfolios. This development could not only catalyze greater adoption of Bitcoin, but also pave the way for greater innovation and growth in the broader cryptocurrency market.
2023 is shaping up to be an exciting year for Bitcoin! It's performing quite well, especially when we compare it to previous years just before Bitcoin 'halving' events (those moments when the number of bitcoins awarded for mining a block is cut in half). This year, Bitcoin's growth is right in the middle - not as explosive as the remarkable years of 2013 or 2017, but definitely better than the tougher times we saw in 2018. It's mirroring the kind of growth we witnessed in 2015 and 2019. One thing we're all keeping an eye on is the possibility of a Bitcoin ETF (Exchange-Traded Fund) that focuses on the actual Bitcoin market. If this gets approved, it could be a game-changer, making it easier for more people to invest in Bitcoin and potentially driving its value even higher.
The infographic presented by Anatoly during The Network State conference presents a compelling vision of traditional banks integrating the powerful capabilities of #DeFi. As Anatoly articulates, the comprehensive services of banks, exemplified by Wells Fargo, are being skillfully rebuilt in the DeFi space. This ecosystem allows complex financial operations to be executed across different DeFi services in a single, cost-effective transaction. He extols the virtues of DeFi over centralized systems, emphasizing its superior performance and reduced costs. Furthermore, it shows the potential of micropayments to revolutionize the way we transact, bypassing conventional credit restrictions. This fusion of traditional banking with decentralized technology heralds a new era of financial inclusion and immediacy. As we embrace this DeFi-powered, integrated financial domain, we are not just witnessing a reimagining of banking – we are participating in a decisive movement towards a more inclusive, immediate and transparent financial future, where blockchain is as ubiquitous as technology. internet itself. #opos
BTC and ETH Performance in Gold Terms Amidst Global Uncertainty The following chart provides a comparison of BTC and ETH prices when denominated in gold, showcasing their performance in relation to the conventional safe-haven asset. In 2023, BTC has shown an impressive +93% increase relative to gold, while ETH has risen by 39% in terms of gold value. This remarkable performance is occurring against a backdrop of growing global uncertainty, which is likely drawing the attention of traditional investors. Additionally, a closer look at the rolling 30-day basis reveals a strong correlation in the returns of both BTC 🟧 and ETH 🟦 throughout 2023. These two assets have exhibited similar downturns in magnitude, but Bitcoin has demonstrated greater strength during upswing periods.
The astute investment of @lens/michael_saylor in #Bitcoin, holding 158,400 BTC, yielded an impressive profit of $900 million. This tactic has propelled MicroStrategy ahead of several major asset indices, leading technology stocks, and enterprise software stocks. The rise is further fueled by optimism surrounding possible Bitcoin spot ETF approvals. Highlighting this strategy, Saylor states: “Our unwavering commitment to Bitcoin is anchored in its promising prospects for broad institutional adoption.” This is the way 🚀
Amazing speach by Konstantin Kisin at ARC Conference 2023 https://www.youtube.com/watch?v=_1MICwdQtfU
#Bitcoin's growing dominance and market factors Bitcoin's dominance in the digital asset market recently reached 54%, its peak since July 2021, highlighting a growing preference for Bitcoin over altcoins among investors. This dominance trend aligns with historical patterns, often emerging in the year before the Bitcoin halving – with 2023 being the year before the halving. Interestingly, despite the rise of Bitcoin, the total crypto market capitalization has not reached new highs, indicating a shift in investments from altcoins to Bitcoin. Although dominance is not a direct indicator of market trends, it remains unchanged when Bitcoin and the market decline at the same rate. Factors such as Bitcoin's reputation as a low-risk asset and the ongoing more restrictive monetary policy, which affects riskier assets, reinforced its position. In a context of macroeconomic uncertainty, Bitcoin continues to strengthen its leadership in the cryptographic market. As we move into 2023, expectations are high that Bitcoin will outperform altcoins until there is an easing of monetary policy.