NUGGETS OF ALPHA
BTC ‘23 inflows now total $767M, surpassing the total of $736M seen in 2022. Should break 1bn in 2023
BTC long-term holders are increasingly reluctant to sell despite increasing prices
Alt Season Index demonstrates that alts are beginning to strengthen against BTC
BNB is back, as it has shot back up to $248, strengthening over 9% this last week
Solana has become the consensus trade of the year, increasing 39.78% AuM YTD
The U.S. recession probability in a year is now just under 58%
Weekly Crypto Market Overview:
The global crypto market cap is $1.34 trillion, with a 24-hour volume of ~$50 billion.
The price of Bitcoin is $35,900, and BTC market dominance is 51.7%.
The price of Ethereum is $1,900, and ETH market dominance is 17.1%.
The Crypto Fear & Greed Index is currently Greed (68).
Dark Green means strengthening performance against Bitcoin:
SOL
TON
UNI
CRO
XRP
There is a lot of dark green across the board as BTC and ETH continue to rise this week. The alts are beginning to run fast, but we must remember that less than a percent of these tokens will ever matter over the long term.
'Moonvember' is looking to be
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