New multi-year highs are fast becoming a dull headline. Bitcoin is going up, it’s almost becoming a given, which in turn, leads to more funds flowing into BTC. In yesterday’s report, we delved into rotations within the capital pool. Today, just to help drive home the message, Altcoins have under-performed as Bitcoin has marched on to new highs — the rotation into Bitcoin from alts is happening once again.

The flow of capital in traditional finance, as a rule of thumb, works like this: Risk off, money flows from stocks to bonds, and risk on: Money flow from bonds to stocks. It’s a simple model. Everything good in the economy? Great, let’s buy stocks and leave the low yielding bonds to a smaller percentage of our portfolios. Only, money is now so cheap that bonds no longer pay you a return on your capital investment. They now charge you for the pleasure of assuming the risk on their debt. That, in a word, is madness. But there we are, ‘money printer go brrrr’, bonds going to negative yields, and stocks going up because no one really likes to lose money on purpose, so they decide stocks are worth the gamble.

It’s Tuesday and Bitcoin is trading sideways, which means it’s time to have a look at the on-chain data to assess the state of play.

Here are two interesting statistics: 1. The total value of negative yielding bonds has just passed $17 TRILLION.

Over the weekend… The Swiss town of Wetzikon launched a blockchain based program to distribute Coronavirus aid to businesses. Residents involved in small and medium sized businesses are able to access the disbursement through their smartphones.

2020 has been a phenomenal year for crypto so far, with bitcoin overtaking gold as the year’s top investment[1]. Paypal’s cryptocurrency announcement this month resulted in bitcoin passing the $12,000 mark[2]. On top of this, U.S. Bitcoin (BTC) Exchange Traded Funds (ETFs) may finally become a reality following a milestone announcement out of the US last week.

Over the Weekend… Blockchain-based data storage platform Filecoin started a weeklong digital conference to get some much needed stability. During the Filecoin token launch, its price shot up by 118% before diving by 80%.

This week in crypto, 33 cyber criminals were arrested and the OneCoin ponzi scheme got a movie… starring Kate Winslet.

This week in fintech, crypto took off in a northern African country, Italy now houses another titan, and France sees strides in blockchain voting.

Over the weekend… The amount of BTC in circulation passed the 18.5 million mark. This means that there is 2.5 million BTC left to be mined (about 11.9%)

This week in fintech, Europe proposes a crypto sandbox environment, the United States hopes to modernize its crypto laws, and pharmaceutical companies are showing increased interest in blockchain.

This week in crypto, we have turbulent news from USA presidential rallies, clearer definitions on crypto, and the first official CBDC.