“After weeks of platyau, this weeke we saw an urswing in prices and a return to post-election Crypto Confidentnce. Here’s How Coindesk Reported the News That Mattered.”, – WRITE: www.coindesk.com
The Coindesk 20-WHICH TRACKS ABOUT 80% of Crypto Market Cap-Jumped 10% -plus in the Last Five Days.
In an Interview with Coindesk’s Sam Reynolds, Coinbase Institutional’s John D’Agostino Attributed the Rally to Institutions and Sovereign Wealth Funds Acumulating Bitcoin. Retail Traders, by Contrast, Were Tending to Exit Bitcoin Etfs, He Said.
Institutions Continued to Bitcoin-Accumulation Vehicles. On Wednesday, Strike Ceo Jack Mallers and Cantor Fitzgerald’s Brandon Lutnick Unick Univeiled Twenty One Capital, A New Bitcoin Investment Company Backed by Tether, Bitfinex, and Sotbank. Twenty One Will have the Third Largest Bitcoin Corporate Treasury with 42,000 BTC, Reynolds and Francisco Rodrigues Reported.
There Was Increasing Eviddance from the Options Markets that Traders Are Willing to Hold Btc Through Market Swings, WHICH Explands WHY Bitcoin Held Relativly W WEADY WEADY WHEN STOCKS weeks. Coindesk’s Market Wizard Omkar Godbole Reported On that.
Bitcoin Became The FIFTH MOST-VALUBLE OF ALL FINANCAL Assets This Week, Surpassing Google’s Market Cap for the FIRST TIME. Not Bad for A Protocol That Started As A Hobby Among Cypherpunks 20 Years Ago.
In Other News, Zora’s Much-Hyped Token Launch Sagged a Little on Debut. Analysts SAID Traders Weary of So-Called “VC Tokens” with Relating Little Liquidity. “The $ Zora Launch Highlights A Recurring Issue in Web3: OverPromising and Underdelivering,“ Min Jung, A Research Analyst at Presto, Told Markets Reporter Shaurya Malwa.
Ouch.
But Rising Prices for Core Crypto Assets is Opening Space for Expansive Web 3 Ideas. This Week, The Hit British TV Series Peaky Blinders Launched A Blockchain-Based Video Game and Web3 “EcoSystem,” for Instance. And, in a shift from a year ago, we saw of Plenty of Other Gaming and Cultural-Crypto News AnnounCements.
Still, if you have to pick two winners in the Current Market, you ‘? This Week, USDC-Rissuer Circle AnnounCed A New Global Payments and Remittances Network (Ian Allison Reported), and Coinbase Free Conversion Between US dollars and PayPalas.
You Can’T Go Really Too Far Wrong – Thought It’s Not Investment Advice —ACCumulating Bitcoin, and Paying in Stables.
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