In today’s briefing:
- After Bitcoin’s Stunning Rally. What Next?
- The Weekly Market Monitor – These Two All-Time Highs Are No Coincidence!
- Portfolio Watch: Sea of cyclical green
After Bitcoin’s Stunning Rally. What Next?
- BTC tailwinds remain strong with strong ETF demand driving spot buying.
- Volatile price action last week caused sharp liquidations and flushed leverage from BTC markets, since then, BTC has traded in a narrowing range
- During periods of consolidation, BTC/ETH spread has favored ETH and during sharp moves, it has favored BTC.
The Weekly Market Monitor – These Two All-Time Highs Are No Coincidence!
- Bitcoin AND gold made new all-time highs, which is by no means a coincidence. Gold’s market cap is now over USD 16 trillion, which is important for two reasons.
- The Fed has multiple reasons to cut rates even though GDP growth is resilient, including bank defaults, the commercial real estate crisis, and evaporating liquidity.
- The ECB should cut rates, too; it runs the risk of getting in on the action too late.
Portfolio Watch: Sea of cyclical green
- Welcome to our latest edition of Portfolio Watch, our weekly deep-dive into prevailing market trends and our portfolio strategies.
- In this updated iteration of our series, we’ll explore the latest updates in both our Macro Alpha Portfolio and our Digital Assets Portfolio.
- Additionally, we’re excited to announce that we’re just about ready to introduce to you our quantitative portfolio.
💡 Before it’s here, it’s on Smartkarma
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