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RECAP: BITCOIN HALF S2F
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RECAP: BITCOIN HALF S2F

Market Update: Bitcoin Valued at Half Stock to Flow!

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InvestAnswers
Sep 19, 2023
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NUGGETS OF ALPHA

  • BTC’s STF value is $51,692 but is trading at nearly half the projected 'fair value'

  • Franklin Templeton seeks to offer spot BTC EFT in the U.S.

  • Deutsche Bank launches new BTC custody service for institutions

  • Tesla achieved a breakthrough in single-piece car casting

  • The pace of BEV has entered the acceleration phase of S-Curve adoption

  • OPEC said that global oil markets will face a massive supply shortfall next quarter

  • All tiers of U.S. Household income have declined since 2019 despite the stimulus

  • The year-over-year increase in the CPI escalated to 3.7%, a surge from July's 3.2%

  • FedWatch now forecasts a 97% probability of a zero hike next week

  • 1/3 of all U.S. government revenue is now spent on interest

  • The ECB’s deposit rate at 4% has surpassed the previous record in 2001

  • HP shares fall after Warren Buffet’s Berkshire Hathaway sells a large stake


Market Update:

  • The global crypto market cap is $1.06 trillion, with a 24-hour volume of $28.43 billion 

  • The price of Bitcoin is $26,715.78 and BTC market dominance is 49.3%

  • The price of Ethereum is $1,635.57 and ETH market dominance is 18.6%

  • The Crypto Fear & Greed Index is currently Fear (45)


Algorithms over at the cryptocurrency analytics and forecasting platform called PricePredictions have set the price of the flagship decentralized finance asset at $27,073.63 by October 1st, and we are nearly

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