Major cryptocurrencies are perky at the start of the week, with Bitcoin back above $66,000, traders hunting for quick exponential gains are turning to the on-chain micro-cap markets as they hunt for top crypto gainers today.
Traditional asset markets stabilized on Monday as traders look ahead to Friday’s key US inflation data release. The SPX has bounced above 5,000, the DXY is going sideways around 106, and 10-year yields are flat at nearly 4.6%.
Stabilization in the macro backdrop has allowed Bitcoin and major altcoins to continue their post-halving positive momentum.
Assuming macro doesn’t become a major near-term market headwind once again, BTC could soon recover back to recent highs.
Bitcoin demand is increasing and the incoming daily supply just got cut in half.
Economics 101 tells us the next 12 months should be fun for bitcoin holders.
Here is my segment from @BloombergTV today. pic.twitter.com/t0ZIsQkYGp
— Pomp
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