In today’s briefing:
- Crypto Markets Take Center Stage
![](http://www.smartkarma.com/assets/plugins/a3-lazy-load/assets/images/lazy_placeholder.gif)
Crypto Markets Take Center Stage
- BTC is up ~140% since its bottom 1yr ago. Prior instances imply BTC is in the early innings of a new bull cycle with most of its expected gains ahead.
- Market breadth is expanding as we are seeing industry wide participation in recent weeks.
- Onchain borrowing activity is picking up, as are average lending rates and utilization rates on stablecoins, which are some of the most popular assets to borrow during market uptrends.