NUGGETS OF ALPHA
Crypto market cap decreased over the last week from $1.117T to $1.085T
The Fear & Greed Index remains flat at the 46 level
BTC displayed resilience this week as traditional markets loom with turbulence
Bitcoin has become cheaper relative to other assets over the last three years
Digital asset investment products saw outflows for the sixth consecutive week
Solana is performing well in comparison to its peers this year
With BTC price hovering around $25,500, means miners lose $10K per BTC mined
Wall Street firms now own between 12-20% of the top 3 public Bitcoin miners
Microsoft plans to integrate cryptocurrency wallets into its Xbox gaming console
Homes are a bigger share of Canada’s economy than in other G7 nations
The small business average interest paid on short-term loans now exceeds 9%
JPMorgan’s UK bank to ban crypto
The U.S. excess savings is depleted for the bottom 80% of households
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We review these metrics to help us keep perspective on how lively the crypto space is. TradFi continues to enter into the space as Citigroup recently announced its enterprise blockchain.
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