Daily Crypto Analysis

Bitcoin. I was tempted to leave today’s report as a one-word homage to our favourite crypto.

No surprise here, right. We’ve been talking and expecting new all-time highs for the past few days.

You can probably feel it, see it, hear it. Crypto markets are higher. We haven’t reached new all-time highs but, boy, are we close!

Bitcoin ETFs could actually lead to reduced price volatility, with price crashes less frequent, as a stable injection of capital inflows stabilises prices.

I can recognise that feeling. It’s the “we’re close to the all-time high” feeling.

The Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs in a first for the industry on Friday, after the regulator’s five commissioners met on the issue.

Strength: You can feel it all around. Macro markets and crypto markets are interlinked, at least to a certain extent.

Bitcoin is fast approaching the market cap of Silver.

Bitcoin's momentum failed to push prices through resistance at $58,800 today, with prices heading south whilst the Alt coin market played catch-up.

Inflation fears are creeping up. After all, inflation data has been above expectations month-on-month for a while now.

Bitcoin is consolidating above the $54,000 level, with the attempts of the bears being met with a wall of buying.

Bitcoin has spent most of the day defying gravity, unfortunately for the bulls, $57,000 failed to hold.