Bitcoin's Tight Correlation With Tech Stocks Muddies Safe Haven Narrative
Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests bitcoin is still a risk asset. Source
Read More
Narrative
Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?
“In the event of a widespread banking panic, which seems unlikely at this time, there will probably be the typical rush by investors into safe assets such as the U.S. Treasury securities. That is likely to help than hurt the dollar in the short term,” Eswar Prasad, professor at Cornell
Read More
Bitcoin dominance nears 50% as research hails ‘bullish’ narrative flip
Bitcoin (BTC) accounts for more of the total value of cryptocurrency than at any time since June 2022.The latest data from TradingView shows that Bitcoin market cap dominance is nearing 46% — its highest in nine months.New dominance "spike" hints at trend change to comeThe latest knock-on effect from this
Read More
Bitcoin’s BTC Price Store of Value Narrative Is on Full Display; Crypto Prices Stay Green
“We are closely watching whether this moment creates an opening for other currencies, notably the Euro, to emerge as a linchpin of the digital asset ecosystem,” David Bachelier, Asia-Pacific CEO of Flowdesk said in a note to CryptoX. “Such an outcome would be positive, as it would bolster the role
Read More
First Mover Asia: Deconstructing Crypto's China Narrative
First Mover Asia: Deconstructing Crypto's China Narrative Source
Read More
Fed Policy Win Could Harm Bitcoin’s Wall Street Narrative
The January rebound in equities and knockout employment report may have undermined a few buy-bitcoin narratives, but the real value proposition behind bitcoin lies far beyond Wall Street in emerging markets, where bitcoin is in strong demand. Original Source
Read More
DeFi Service Frax Finance Gains Momentum Amid Ether Staking Narrative, FXS in Focus
The draw of capital into Frax’s ether pools has resulted in demand for FRAX and FXS tokens, with prices of the latter rising over 62% in the past week as per CoinGecko. And because some liquidity pools pay out in FXS, the price rise theoretically means higher rewards for stakers
Read More
New Narrative Could Skyrocket These Altcoins
A look at the top performers over the past 24 hours reveals a trend that could trigger a boom among certain altcoins in 2023. We’re talking about Lido Finance (LDO), which has risen 7% in the past 24 hours and 17% over the past seven days, making it the 37th
Read More