What Will Push Bitcoin Higher?
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- 🟠 BTC gets high. Bitcoin surpassed its all-time high on Tuesday, and crypto celebrated for seconds before traders dumped at size, bringing BTC down as far as nearly $61K.
- 💰 MicroStrategy reloads. Michael Saylor wants more BTC and is raising $600 million to purchase it.
- 👩⚖️ Do Kwon strikes back. Do Kwon beat the odds and won his extradition appeal. Next, the case faces a higher court in Montenegro.
📊 All-time high moment. As if lifted towards the heavens by inflows to spot BTC ETFs themselves, Bitcoin’s price ascended upwards by 2% on the US open to hit all-time highs on many exchanges, including Coinbase, where price reached $69,324 per coin!
While celebratory tweets cataloged the moment across Crypto Twitter, elation was short-lived, with BTC unable to hold above all-time highs for even a minute before plunging more than 10% over the next few hours. What catalysts can push BTC back above all-time highs?
Read on for more analysis 👇
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.36T | ↘ 5.1% | ↗ 10.3% |
|
BTC $63,342 | ↘ 6.1% | ↗ 11.6% |
|
ETH $3,520 | ↘ 1.7% | ↗ 8.4% |
As Bitcoin celebrates a new all-time high, it's time to take a closer look at one of the investment narratives that's helping drive renewed interest toward the asset – Bitcoin L2s.
Check out the 8 BTC Layer 2s we're watching 👇
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It is undoubtedly memecoin season.
Now, it should be obvious, but memecoin gains don't always have a rhyme or reason. That being said, BONK's recent pump has a lot going for it, narrative-wise.
Here's why BONK is getting a lot of attention 👇
- ⛽️ How to Raise the Gas Limit, Part 1: State Growth - Paradigm
- 1️⃣ State of Wallets Part 1: Wallet Technologies - Ryan Yi
- 2️⃣ State of Wallets Part 2: Smart Accounts - Ryan Yi
- 🔴 Cost Efficiency in Ethereum Optimistic Rollups - fil
- 💰 Building Wealth Is Conceptually Simple - Eliot Couvat
- ⏩ Building Consumer at Internet Speed - Katie Chiou
- 🐒 9 Out of 10 Monkey Brains Agree - Tervo
- 📖 The Story of 3100 - Sean Bonner
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
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