š The morningās pick-a-side post got flipped on its head by lunchtime: the 80K floor still hasnāt brokenāfor now.
$BTC dipped to just 80.4K before getting scooped back up. Itās now at 82,428 (-0.6%), holding above the key level. But BTC holding steady doesnāt mean everything is steady: $ETH is at 2,493 (-3.1%), while SOL at 110 (-4.4%) leads the declines. The rest are still playing catch-up on the downside.
The biggest thing worth discussing today: foreign media estimate that prices have fallen below the average cost basis of ETF holdings. That āATMā from last night is now dispensing unrealized losses to the average holder. Nobody knows whether theyāll sell at a loss or ride it out, but the area around the cost basis is never calm.
Pick a side: now that BTC is holding above 80K, will altcoinsā
A. Catch up with a rally and share in the gains
B. Watch BTC go solo while altcoins keep getting battered
Iām going with B. The floor-renovation crew has packed up and left.
Drop your letter in the comments š
Not investment advice. DYOR
#Bitcoin #Crypto #ETF
$BTC dipped to just 80.4K before getting scooped back up. Itās now at 82,428 (-0.6%), holding above the key level. But BTC holding steady doesnāt mean everything is steady: $ETH is at 2,493 (-3.1%), while SOL at 110 (-4.4%) leads the declines. The rest are still playing catch-up on the downside.
The biggest thing worth discussing today: foreign media estimate that prices have fallen below the average cost basis of ETF holdings. That āATMā from last night is now dispensing unrealized losses to the average holder. Nobody knows whether theyāll sell at a loss or ride it out, but the area around the cost basis is never calm.
Pick a side: now that BTC is holding above 80K, will altcoinsā
A. Catch up with a rally and share in the gains
B. Watch BTC go solo while altcoins keep getting battered
Iām going with B. The floor-renovation crew has packed up and left.
Drop your letter in the comments š
Not investment advice. DYOR
#Bitcoin #Crypto #ETF