The World Liberty Bid, ETH Momentum, and MSTR's Nasdaq 100 Prospects
Dec 12, 2024
• 5
Min Read
Author
AVAX
0.50%
BNB
3.72%
BONK
2.75%
BTC
0.75%
CORE
N/A%
ETH
-0.18%
HNT
1.64%
JTO
-3.24%
MKR
5.47%
OP
7.75%
RAY
-6.65%
SOL
-0.27%
STX
N/A%
XRP
-1.09%
BITW
-3.3%
BTBT
+6.39%
CLSK
+0.27%
COIN
-4.22%
CORZ
+1.05%
HIVE
+15.55%
HOOD
-1.79%
HUT
-0.54%
IREN
+4.46%
MARA
+0.05%
MSTR
-7.51%
RIOT
-0.53%
SMLR
-9.55%
WULF
+1.14%
Core Strategy
Our base case assumes that the macro environment will remain accommodative for crypto through year-end. However, in light of recent market action, we remain alert for signs of a local top (not a cycle top). That said, it is difficult to justify a risk-averse stance at this stage and think it is right to lean into this altcoin rally.