Today’s Nuggets
ETF Action Muted
BTC vs Mag7 Hits New ATH
BTC Making New ATH versus NASDAQ
April 3rd was the Largest One Day Sell Off in History
SPX 7th Fastest Dip in 100 Years
The US Trade Problem Needs Fixing
Rate Cuts Are Coming
UK Seeks New U.S. Trade Deal
Scott Bessent is in Control
Risk happens faster every year.
We had a record two-day wipeout with $6.4 trillion in market value erased. This was special and different in a few ways we unpack in this story. The tariffs keep hitting as we receive news of China declaring 34% retaliatory tariffs in the markets.
Fed Chairman Jerome Powell said tariffs will increase inflation, and people are worried about their $1,000 iPhone becoming a $1,200 or $1,500 iPhone. Let us examine what transpired this week.
This is the crypto versus Bitcoin dashboard over the last seven days.
XRP was positive by half a percent, and everything else is hanging in there. ETH was down 4%, and SOL was down 6%.
Despite the historic sell-offs over the week across all markets, both in the U.S. and internationally, Bitcoin held up very well, only falling by 1.91%.
The BTC ETFs did not sell off big.
The funds had tiny red negative days, but nothing like what we saw in early March. This is another positive sign. It is like nobody is dumping their Bitcoin.
Is Bitcoin becoming a risk-off asset like gold?
This is what have been wishing for for four years now. I am seeing telltale signs, and last week was a big one. We shall see…
This is fun and hilarious, as I love seeing the banter between billionaires online.
When I read this tweet, there is so much you can decipher, but I will focus on one thing. I do not know
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