The punchline is coming soon
Market overview
The crypto market cap declined 1.7% over the past day and 15% or $0.5 trillion over the past year, reaching $ 2.94 trillion. This weak performance contrasts sharply with the 17% growth of the Nasdaq-100 and 70% growth of gold, which it has often followed in previous years. Neither the Trump family’s enthusiasm for cryptocurrencies, the rate cut, the return of institutional investors, nor even a weaker dollar managed to support the market.
At the time of writing, Bitcoin is trading below $87K, slowly sliding down due to a combination of reduced volatility and an inability to consolidate above $90K earlier in the week. The cautious nature of this week’s movement is due to major players entering holiday mode. However, we…
