NUGGETS OF ALPHA
Solana is +85% over the last 40 days and broke the 6% level of the ETH market cap
73% of Bitcoin addresses are currently in profit around the $30K level
The SEC waived the right flag and walked away from the Ripple case
72% of all SOL is staked, which is very good for the network
Tom Lee believes technology will become 50% of the S&P 500’s weighted value by 2030 due to labor shortages
Since 2020, anytime the Fed has paused raising rates, Gold has gone up
Since 2020, the loss of U.S. purchasing power is around 25%, therefore you need hard assets like Bitcoin - world is waking up to that fact
BTC shot up 11%
SOL is up 32%, which has been an asset that defies gravity
Everything else is in the red
Crypto Market performance in terms of the U.S. Dollar:
BTC +11.11%
SOL +31.75% has had a monster 40 days
ETH is still lagging
The Crypto Fear & Greed Index flipped crazy bullish in the last twelve hours. Over the last week, it has moved from 52 to 64, which is a big move. We are extremely early in this bull cycle.
Stocks have moved to the edge of fearful territory.
Most everything is flat on the week
TSLA -3.61% experienced a horrible week
The energy sector is
hot because of war and oil prices
September was a positive month this year, which is unusual. And October is up 11.03% so far. I believe it will go a lot higher.
Can Bitcoin move past 30k?
As Bitcoin is inching closer to $30K, we find the most significant potential resistance around that $30K mark, where 1.49M addresses acquired Bitcoin. At the same time, 73% of Bitcoin addresses are currently in profit. This level has proven to be a significant resistance level for the entire year.
Crypto is like the S&P 500 in that a few names drive the market, and you must
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