Opening Bell - Issue 31
Prepare for the week with key data points and trends in the digital asset marketplace.
Opening bell | Issue #31 report highlights:
Bitcoin started off with a bang this week, increasing by over 4% on Monday alone. Overall, however, markets have been moving sideways since the crypto hit its all- time high. There are a few points one can gather from the data, which mostly take a very neutral stance. For starters, the 'Fear and Greed' index has registered 2024 as Bitcoin's greediest year yet, so it's normal to expect some cooling off. Its drawdowns are similar to those seen in the 2015-17 cycle, but most importantly, the demand/supply balance has been moving sideways for over six months, just like the price.
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