Crypto feels quiet right now. The money around it doesn’t.

$BTC is trading around $63K after another volatile stretch, while macro is back in the driver’s seat. Inflation, rates and geopolitical risk are moving sentiment faster than most crypto-native narratives.

The interesting part is what’s happening underneath. Institutions are getting more disciplined rather than walking away: 74% of investors in a Coinbase/EY survey expect crypto prices to rise over the next 12 months, while 66% already use spot crypto ETPs. Stablecoins are moving into payments and cash management, and tokenization keeps pulling traditional assets on-chain.

So this market looks less like another hype cycle and more like an industry learning how to stay useful when charts stop doing the marketing for it.

Follow Dlicom for more on where Web3 goes from here.