CRYPTO COMMENTS: SOL Keeps Shining as Signs of Market Exhaustion Remain Absent
In this week's Crypto Comments video, we discuss the October CPI surprise, an improving macro liquidity environment, reasons for underperformance in crypto equities and how they may be gearing up for a catch-up. We also discuss the top performer in our core strategy, Solana, and how we're assessing the rally after a 4x jump in price over the last month.
Click HERE for our full Crypto Strategy note.
Reports you haven't read
Coinbase reported earnings this afternoon after market-close. In today's Crypto Comments video, we examine the stellar report showing Coinbase beating top and bottom-line estimates, presenting an optimistic outlook for the exchange in 2024. https://vimeo. com/913527994/a640c5b846? share=copy
In today's Crypto Comments video, we discuss Bitcoin's resilience despite risk-assets turning lower following a hotter-than-expected CPI report. We also explore Stacks' relative strength and our view on Coinbase's upcoming earnings. https://vimeo. com/912760107/b1ac374b9b? share=copy
In today's Crypto Comments video, we discuss this week's outperformance of Bitcoin miners, examining how recent price movements reaffirm the sustained high beta relationship with bitcoin. Additionally, we explore considerations regarding mining cost profiles post-halving. https://vimeo. com/911710626/cfe0571c1f? share=copy