Everything on the market is within the framework of yesterday's Review. We hit the upper limit of the range indicated there, the local maximum of Bitcoin, which was set yesterday - 67250
Market capitalization has grown to 2.35 million with a dominance index of 55.74%, which suggests that alts are far behind Bitcoin. Although Ether is approaching 3100, Link, Pendle and LDO are already up more than 15%.
The situation on the stock market is so-so - the indices are practically in place, while the dollar index and the yield on 10-year bonds are still growing.
But IBIT is growing. Plus now more than 2%.
The main reason was that it suddenly became clear that miners had mined 1,800 BTC over the past week.
And BTS-ETF bought 11188 BTS.
Morgan Stanley reported to the SEC that it has a significant investment in spot Bitcoin ETFs. Let me remind you that it was their CEO who stated that Bitcoin “is not in demand among bank clients” and is a speculative asset with no intrinsic value).
That is, telling the crowd that Bitcoin is risky and dangerous, selling them banking products that do not cover inflation and are the most pointless way to invest money, and investing hundreds of millions in Bitcoin yourself is the secret of success.
You don't have to listen to what they say. We need to watch what they do).
If we go into the weekend with Bitcoin above 66K (or at least 65500), we can see some good movements on alts over the weekend and a lot of profit taking.
- remember, I talked about the imminent tightening of the screws in Turkey? It is already being considered in parliament, including the Travel Rule, from $3,000.
Tether also blocked 45 million USDT over the past couple of days. In France they are going to block the Bybit exchange. Which, however, has been on their blacklist since 2022.
Friday waiting for the weekend 🤪😘
