RECAP: WHAT HAPPENED LAST WEEK

Weekly Crypto Recap: Fixing Housing Affordability

NUGGETS OF ALPHA

• BTC Short-term Holder Realized Price is ~$28K now serving as a resistance zone

• 5.4% of Bitcoin's circulating supply has been moved within the past month

• The BTC miner squeeze is coming with the impending halving in April 2024

• FASB adopts new crypto accounting disclosure rules that are favorable for BTC

• Ark Invest filed for the first Ethereum spot exchange-traded fund in the U.S.

• ETH appears to have reached a perfect supply and demand balance at $1,625

• The 4 largest U.S. banks incurred a quarter of a trillion dollars in unrealized losses

• The Bank Term Funding Program keeps funding distressed U.S. treasuries at par

• U.S. Credit card delinquencies have reached levels not seen in decades (7.51%)

• Crude oil supply is the tightest it has been over the last 10 years

• 25% of English-speaking households spend more than 40% of their income on rent

• BRICS resulted in 21 countries officially agreeing to ditch the U.S. dollar in 2023

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Weekly Overview:

• The global crypto market cap is $1.04 trillion

• The 24-hour volume of $15.34 billion

• The price of Bitcoin is $25,900.29

• BTC market dominance is 48.3%

• The price of Ethereum is $1,635.59

• ETH market dominance is 18.8%

• The Crypto Fear & Greed Index is currently Fear (41)

swissblock 52-week range of performance:

• The Dixie Index (DXY) is in the bottom third

• The NASDAQ is close to the top of the range

• The S&P 500 is only about 150 points away from the top 

• Bitcoin is at about the top third of the range

• Ethereum is right in the middle at $1,647 

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We are currently hovering in the bearish box in the bottom right-hand corner. Remember that it is wrecktember, and the tendency is that