NUGGETS OF ALPHA
The global crypto market cap is $1.19T
The price of Bitcoin is ~$30,600 with market dominance of 50.0%
The price of Ethereum is $1,873.23, with market dominance of 18.9%
Crypto venture capital investment has fallen to only $500M invested YTD
BTC price has been consolidating between $29.6k and $31.4k for the past 19 days
The NUPL indicator has been in a range of optimism for further BTC upside
For every vehicle the Rivian sells, Tesla sells 35 vehicles
U.S. cyclical employment ex-manufacturing turned year-over-year negative in June
Redbook Retail Sales fell for the first time since COVID
Algorand's largest DeFi protocol recently shut down operations
Consumers will have to pay $220B in interest on the $1T of credit card debt
The Fear & Greed index fell from 62 to 57 over the last seven days
BTC is up 9.43% over the last 90 days, and the QQQ is up 15.94%
Only 11.5% of Bitcoin supply is left on exchanges - scarce AF!
ETHE discount has moved from 55 to 45 in 2 weeks and a lot more to go
BTC remains the top crypto for investors this week, with inflows totaling $133M
Vanguard bought over $500M of RIOT & MARA
The crypto market did not fair well against Bitcoin this week
SOL was the one dark green exception gaining 17% versus BTC over the last week
The best-performing assets are Bitcoin proxies
SOL, again, is the one dark green patch in crypto - this Token will do real well this next bull run
AVAX has been
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.