NUGGETS OF ALPHA
Crypto exchange balances have dropped by ~124,000 BTC over the past six months
The Nasdaq 100 Stock Index closed at its highest in nearly two years
The Grayscale GBTC discount went under 10% for the first time in years
Binance faces historic penalty of over $4B with the U.S. DOJ settlement
Kraken vows to ‘vigorously defend’ SEC lawsuit amid Congressional support
Today we’ll discuss how Bitcoin can serve as a hedge by allocating just 1% of your portfolio to it–and how it has an astounding impact on performance.
ETH lost 5% to BTC last week
SOL & ADA eked out a 2% gain
AVAX & FTT did well last week
RNDR & TAO are popping up the charts fast
BNB was down 1%, which we will talk about later
BTC +1% on a week many thought was desperate
SOL +3%
AVAX and ADA are up significantly
The daily active user (DAU) rankings are rapidly changing due to Solana's decentralized physical infrastructure capability, whereas other chains are moving onto Solana now. Solana now has 461K DAUs, followed by Ethereum with 360K.
Despite Polygon's 357K DAUs, the token's performance has not been good.
Crypto will be like other industries, with only a few winners that
Keep reading with a 7-day free trial
Subscribe to InvestAnswers Newsletter to keep reading this post and get 7 days of free access to the full post archives.