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RECAP: TRADFI GOES CRYPTO
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RECAP: TRADFI GOES CRYPTO

OCTA: Data & News Explosion

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InvestAnswers
Sep 08, 2023
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NUGGETS OF ALPHA

  • Altcoins are struggling to maintain their strength relative to BTC

  • ETH balance on exchanges reached a 5-year low of ~14.4M

  • Year-to-date digital asset investment products remain in a net inflow position

  • Visa decided to get serious about USDC payments on the Solana network - only possible on Solana and Visa gets it

  • UNI is performing well, recently surpassing COIN’s monthly trading volume

  • GBTC is currently trading at a 19.99% discount to its net asset value

  • The Fear & Greed Index is still at 40 and flat

  • Over the last 90 days, QQQ is up 5%, and BTC is down 4%

  • Mastercard forges blockchain alliances to power the future of CBDCS

  • Bloomberg analyst indicates that oil is headed to $90 a barrel by year-end

  • Delinquencies on auto loans, credit cards, and consumer loans just hit their highest levels since 2012

  • U.S. job openings recently fell below the long-term trend


This chart tells us what has outperformed Bitcoin over the last seven days:

  • TRX

  • TON

  • SOL

  • ETH

  • LINK

  • MATIC


The crypto market's performance against the dollar is not as good. However, the following tokens experienced a positive week

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