The World Liberty Bid, ETH Momentum, and MSTR's Nasdaq 100 Prospects
Dec 12, 2024
• 5
Min Read
Author
AVAX
1.36%
BNB
3.72%
BONK
5.98%
BTC
-2.88%
CORE
N/A%
ETH
1.64%
HNT
2.44%
JTO
-0.54%
MKR
5.47%
OP
7.75%
RAY
-6.65%
SOL
-1.24%
STX
N/A%
XRP
-0.69%
BITW
-3.3%
BTBT
+0.32%
CLSK
-3.73%
COIN
-1.69%
CORZ
+1.99%
HIVE
-6.52%
HOOD
-0.55%
HUT
-2.67%
IREN
-2.49%
MARA
-2.76%
MSTR
-2.37%
RIOT
-3.6%
SMLR
-6.74%
WULF
-4.89%
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.