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RECAP: WHAT HAPPENED LAST WEEK
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RECAP: WHAT HAPPENED LAST WEEK

Recap: BTC Math $5T Market Cap SOL PT, A's Mixed

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InvestAnswers
Dec 20, 2023
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NUGGETS OF ALPHA

  • New FASB rules guarantee fair value accounting for BTC starting in December ‘24

  • Meta & NVDA only big tech companies to outperform Bitcoin

  • Solana flipped Ethereum last week in total DEX volume by a significant margin

  • France & Germany’s PMIs indicates a recession for the two largest economies in the Eurozone

  • The SPX is 1.6% away from reaching a new all-time high - Bears are in despair


Last week's alts in the dark green are: Cardano, Avalanche, Polkadot, etc. Solana was up a bit, beating Bitcoin by about 5%.


  • ETH = -4.57% 

  • Bitcoin = -3.71%

  • XRP, LINK, DODGE, MATIC, LTC, and BCH got hit hard

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