Market Lacks Convincing Signs of Market Froth, Major Demand Side Catalyst for CORE (Core Strategy Rebalance)
Nov 14, 2024
• 7
Min Read
Author
AVAX
-2.17%
BNB
3.72%
BONK
1.59%
BTC
0.52%
CORE
N/A%
ETH
-0.26%
HNT
-7.18%
JTO
-2.33%
MKR
5.47%
RAY
-6.65%
SOL
-0.13%
STX
N/A%
XRP
1.85%
BITW
-3.3%
BTBT
-0.9%
CLSK
-1.23%
COIN
+1.79%
CORZ
+6.91%
HIVE
+0.1%
HOOD
+0.82%
HUT
+0.69%
IREN
+5.02%
MARA
-0.06%
MSTR
+2.62%
RIOT
-0.12%
SMLR
-1.93%
WULF
+3.45%
Froth or Repricing?
A heated debate is unfolding among crypto investors: have we just hit a local top, or will the breakout after eight months of consolidation continue higher through year-end? The crypto market has surged rapidly, as we anticipated, but the key question remains—can this rally sustain itself, or is it nearing exhaustion?
Anecdotally, we are seeing renewed interest in crypto from casual observers. Friends and family are once again asking about crypto, and Coinbase's climb to the top of app store charts adds to the chatter about this being a local peak. Surely, these in...