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RECAP: BITCOIN BLIP
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RECAP: BITCOIN BLIP

OCTA: Bitcoin Blip, While Asset Inferno Rages On!

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InvestAnswers
Nov 18, 2023
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NUGGETS OF ALPHA

  • The Crypt & Fear index indicates investors are still operating in a Greedy zone

  • The amount of Bitcoin coins, either HODLed for five years or lost, is at an ATH

  • Digital asset investment products saw inflows totaling $293M last week

  • The U.S. tech stocks are smashing the general domestic equities market

  • The amount of cash parked at the Fed's reverse repo window is rapidly declining

  • The U.S. CPI urban consumer prices are 10x higher than 60 years ago


Weekly Crypto Market Review:

  • The global crypto market cap is $1.39 trillion, with a 24-hour volume of $61 billion

  • The price of Bitcoin is $36,200, and BTC market dominance is 51.0%

  • The price of Ethereum is $2,042, and ETH market dominance is 17.7%

  • The Crypto Fear & Greed Index is currently Greed (69)


We use this chart weekly to put the crypto market into perspective against Bitcoin:

  • ETH +3.34%

  • SOL +31.77%

  • AVAX +28.46%

  • MATIC +19.57%

  • IMX +21.66%

The utility tokens like FTT and CRO are pumping on the news that the SEC may allow another crypto exchange to relaunch.


Here is the crypto marketplace performance in dollar terms:

  • BTC +0.73% (up ~7% for November)

  • ETH +4.05%

  • SOL +32.72%

Historically, most of the positive action occurs in the second half of November.


The weekly recap of stock performance:

  • TSLA +6.86%

  • AAPL +3.31%

  • NVDA +8.13%

  • AMZN +2.58%

  • GOOGL +2.52%

  • MSFT +2.95%

*AMZN, GOOGL, and MSFT stock prices seem to move at the same rate daily


The Bitcoin halving is now T-minus 155 days, which will used in a special era for BTC holders. I believe it will

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