Major Ethereum Upgrade Approaches as Bitcoin Surges to $30,000 🎉🥳
Ethereum's ETH token continued its losing streak versus Bitcoin BTC for the fifth day in a row
Ethereum's ETH token continued its losing streak versus Bitcoin BTC for the fifth day in a row as BTC's price jumped above $30,000 for the first time since June 2022. Digital asset investment products saw inflows totalling US$57m last week, bringing flows back to a net inflow position year-to-date. Despite the positive sentiment amongst investors, volumes were low at US$970m for the week.
PBN Research
BTC Dominance
https://www.theblock.co/post/221258/bitcoin-dominance?utm_source=cryptopanic&utm_medium=rss
Bitcoin’s share of the total crypto market capitalization reached 45%.
Digital asset investment products saw inflows totaling $57 million last week, bringing flows back to a net inflow position year-to-date.
Big US Banks Earnings Report
https://www.ft.com/content/4b8ed13a-e4c5-40a5-b15e-afa73e74dd10
Analysts are forecasting that depositors seeking higher returns from alternatives such as money market funds pulled almost $100bn in aggregate from JPMorgan, Bank of America, Citi and Wells Fargo in the first three months of 2023
De-Banking is Highly Effective
https://blockworks.co/news/chokepoint-2-0-efforts-effective
The Empire podcast guest spoke to Blockworks about the de-banking phenomenon after recently tweeting:
“Make no mistake. The government wants to kill one of the most innovative segments of the US economy, which is crypto.”
Asset Flows
~This episode is sponsored by Kraken~ Kraken website ➜
kraken.pxf.io/PBN