Markets
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Bitcoin is now the “seventh most valuable asset in the world by market cap, just behind the likes of Google and Amazon,” GSR’s Brian Rudick said
Many analysts expected bitcoin to top $100K before year-end, though it’s been on a post-election tear
BTC’s 46% average returns last month was the asset’s best November performance since 2020
Something very interesting showed up in the FOMC November meeting minutes this week
Bitcoin retreats from $100K, altcoins and NFTs gain momentum, and stablecoins hit record highs — spotlighting crypto market dynamics.
The Fed’s preferred inflation gauge showed that prices increased 0.2% from September and 2.3% annually
While acknowledging potential headwinds for risk assets, Galaxy’s Alex Thorn notes there are also plenty of catalysts
Let’s take a look at how US equities typically perform this time of year and what we might see in the coming days
The most brutal drawdowns have historically happened at the tail end of bull runs
MSTR shares hovered around $402 at 2 pm ET Monday — down 4.7% on the day but up 70% from a month ago
MicroStrategy announced that it purchased 55,500 bitcoin last week, but that didn’t quite push BTC over the 6-figure edge
Holiday gatherings are often a time investors discuss their investment journeys and gains, sparking curiosity
HashKey Capital’s Jupiter Zheng highlighted three success areas he’s watching: Ethereum, Solana and certain tokens in DeFi
Revenue estimates for the third quarter come in at $33 billion, which would be an 83% increase from the prior year
Several big companies report third quarter earnings this week, likely moving markets
The Crypto-Industrial Complex is always churning, gobbling up coins much faster than they can be mined and sold
Bitcoin hitting $100,000 is expected by the end of the year, but might happen before the holidays
The market is due for a breather, but analysts expect prices to continue moving up in the coming weeks
Solana is the crowd favorite to potentially flip Ethereum somewhere down the line, and it tends to feel realistic at times
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