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RECAP: PRE-HALVING SURGE
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RECAP: PRE-HALVING SURGE

Can Anything Stop Bitcoin Pre-Halving Surge?

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InvestAnswers
Nov 02, 2023
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NUGGETS OF ALPHA

  • The BTC price rally was accompanied by a notable increase in spot volumes

  • Digital asset investment products had the largest weekly inflows since July 2022

  • ETH is at .052, serving as a level of support with the trend turning

  • Solana can now do 1 million transactions per second per tile on generic hardware

  • Solana smashes everything in terms of performance +278% YTD

  • Not all Tesla competitors are going to make the transition to BEVs


Can anything stop the pre-halving surge? Developments are moving way faster than most anticipated.

Weekly Crypto Market Overview:

  • The global crypto market cap is $1.27 trillion, with a 24-hour volume of $40.95 billion. 

  • The price of Bitcoin is $34,420.34, and BTC market dominance is 52.8%. 

  • The price of Ethereum is $1,801.90, and ETH market dominance is 17.0%. 

  • The Crypto Fear & Greed Index is currently Greed (66).


  • The crypto market cap is now over $1.3T

  • Total crypto transactions are down a bit this week at $39.9M

  • Nearly half a million new Bitcoin users were added


The irony is that there are a lot of people who still believe crypto is in a bear market. The institutions and Wall Street are getting extreme FOMO, and they cannot wait to get on the train. Many are trying to invest through

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