Crypto Market Pulse 👀
- The panic over tariffs was likely exaggerated 🤔
- The U.S. Reverse Repo Facility injected $400 billion into the system🤑
- China announced a $69 billion injection into its four biggest banks for a "capital boost"💰
- Both crypto and the stock market have started to bounce back up ✅
- The U.S. trade policy uncertainty index has hit unprecedented levels 😱
- While some volatility is still expected, we believe the worst may be behind us 👀
Meanwhile industry developments signal strength:
- Strategy acquired 22,048 $BTC for ~$1.92 billion💪
- Bitcoin’s supply on exchanges has dropped to just 7.53%, the lowest since February 2018👀
- The Bitcoin Policy Institute has proposed a framework for the U.S. to acquire $200B in BTC using 'Bit Bonds'🤔
- Larry Fink, CEO of BlackRock, in his annual letter: “The dollar is at risk of losing its reserve status to Bitcoin.”🚀
- $LINK Payment Abstraction is now live on mainnet, unlocking new possibilities for on-chain transactions🔥
@Zlotac When all our holdings (or at least a big portion) are trading above the trackline. Keep in mind that the trackline is dynamic and adjusts daily, but as of today, this would require a daily close above:
$86,000 when it comes to $BTC
$2,060 when it comes to $ETH
$156 when it comes to $SOL
$26 when it comes to $AVAX
$16,5 when it comes to $LINK
$3,1 when it comes to $NEAR
$10,8 when it comes to $INJ
$0,92 when it comes to $ONDO