Good morning,
Welcome to your daily crypto clarity
WHAT YOU NEED TO KNOW
We didn't see any follow through on Tuesday's equity market sell-off. Bears need to continue to exert their dominance should that brief bout of selling become more meaningful over longer timeframes.
Bitcoin is steadily climbing, supported by strong spot ETF flows.
Chatter about the halvening is heating up. We're of the view this is mostly gossip and noise.
FEATURED CHART
We're always in a search for relative leaders, irrespective of the market environment. As Bitcoin has been progressing higher, Bitcoin's market-cap dominance has been rallying. This suggests that this recent market uptrend is largely a Bitcoin story; but there are still pockets of outperformance outside the major coins.
Helium $HNT is a great example. It's broken to new highs from this consolidation, and the uptrend is once again resuming higher.
WHAT TO LOOK OUT FOR
Coinbase is expected to release earnings after the close. The company has been a significant beneficiary of the Bitcoin ETF approvals, providing custody to many of the providers.
We're monitoring how equity markets close the week following Tuesday's weakness and Wednesday's lack of follow-through.
You’re all caught up.
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