There is a general sentiment that 2021 gave us the market peak and we have maybe even started a bear market. But what if 2023 is the new 2017?
Cryptocurrency opinions, op-eds, speculation, and insights. Oh, my!
Bitcoin has broken above its previous all-time high of $64k and is currently trading above $66k in price discovery.
Is the bottom in for Bitcoin? After many attempts and failures at holding the price below $30k, and with ETH’s London upgrade and the Elon + Jack talk, one has to wonder.
Ethereum’s latest upgrade, which includes the important but dryly titled EIP-1559, is coming… and hopefully so is an attempt at a bull run with it.
Is it time for another round of alt season and ETH bull market? While there is every reason to be bullish on BTC in general, the market looks ripe for ETH and alts.
Bitcoin (BTC) is holding up well and trading at support levels after making highs a few weeks back. However, traders are selling GBTC in a panic creating a large negative GBTC premium (a GBTC discount).
GBTC, which often trades at a high premium traded negative today. Right now, BTC is at $48k and Grayscale is trading under $45.
Microstrategy bought, Tesla bought, and we rallied. ETH fees were high, funding was high, longs go squeezed, NASDAQ went down, the yield curve went up, and we crashed.
Dogecoin has bubbled and busted against Bitcoin many times in the past. Thus history suggests the current Doge bubble will pop quickly as well.
ETH is making new all-time highs and ETH-based coins (like DeFi coins) are running. This bullish price action into CME futures on Feb 8th is exciting. However, it is a bit scary as well since CME futures for BTC marked the top of the 2017 bubble.