Bitcoin has just become the #9 largest asset by market capitalization, surpassing Ali Baba (NYSE: BABA) with a market cap of $731,890,084,008 (up 5.92% on the day). That is an increase of $100 BILLION in a 4 DAYS! The corporate flood has begun.
_______________________________________________________________________________________
***NOTABLE BULLISH EVENTS THIS WEEK:
-Twitter's Jack Dorsey announced he has begun running his own 'Node'
-Elon Musk changed his Twitter bio to: #Bitcoin ₿ followed by a tweet: "In retrospect, it was inevitable"
-Michael Saylor (Microstrategy) held Bitcoin for Corporations Summit with over 1,400 Firms in attendance.
“There’s a macroeconomic wind blowing – big – it’s gonna impact $400 trillion of capital. That capital is sitting in fiat instruments that are being debased. That capital is going to want to convert into strong money,” said Saylor.
- ARK Invest's Yassine Elmandjra stated "Bitcoin could see in excess of 10x growth in the mid term should historical trends repeat for a third time." with a "Top of $390K" THIS BULL CYCLE
-Over $500MILLION of Bitcoin left exchanges
-Grayscale's funds released
_______________________________________________________________________________________
Also notable:
- Whale accumulation coincides with negative exchange netflow
-Miner outflow declines
- The RSI of Bitcoin is neutral
"The RSI is an indicator that measures whether an asset is overbought or oversold."
" This suggests that Bitcoin has upside potential in the near term."
No comments:
Post a Comment