TL;DR
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Crypto funds have seen record inflows of $13.8B in ‘24, crypto markets tend to struggle at this time of year, and BTC just regained $72k (pulling the market up w/ it).
Full Story
You hungry?
Good. We’ve cooked up a good news sandwich for you.
Which means we have two pieces of good news (the bread), and one piece of bad news (the filling).
And before you scroll away in attempt to avoid the doom and gloom, don’t worry! As far as ‘bad news’ goes, it’s pretty vanilla.
Good news: crypto investment products (aka crypto investment funds) have seen record inflows of $13.8B so far this year.
Bad news: On April 20th, the Bitcoin halving will take place (which typically leads to appreciation in crypto prices).
But the timing is off — the coming months are typically slow periods for crypto markets, which means without fresh narratives to inspire buying, prices may struggle to take off immediately.
(Patience is a virtue).
Good news: After Bitcoin started the month on unstable ground, it regained the $72k mark early yesterday morning.
(Pulling the rest of the crypto market up with it!)
Feeling nourished?
Good 🙂
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The thoroughness in this piece is noteworthy.
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