Weekend Surge Brings BTC to $42k, Inflows Remain Strong
Dec 4, 2023
Market Update Bitcoin experienced yet another weekend rally, breaking above $42,000 for the first time since the Terra unwind in April 2022. $BTC has since retraced slightly, stabilizing around the $41.5k mark. A major beneficiary of the rally was $STX, the Bitcoin layer 2 token we pinpointed as a buy in our recent strategy note. The token has rallied impressively, marking an approximate 25% increase today and a 50% bump since the start of this month. $ETH, while also on an upward trajectory and currently trading above $2.2k, hasn't quite kept pace with Bitcoin, leading to a noticeable uptick