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BlackRock says
Bitcoin
is “Risk Off” as a global monetary alternative, while
ETH
is “Risk On” as a blockchain play
Bitcoin is money, the rest of “crypto” is just a gamble.
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BTC
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Market seeing some consecutive days of green lately. To early to call for "We're totally back or up-only" (want to see some more data for that) but it feels good nonetheless. Expecting a bit more chop here personally, which would actually be a really favorable position for the market to be in. I said it before but at some point the market will just range around a certain area, make a bottom and slowly move up from there again. Yet most people won't be here anymore to see it or just not believe in it anymore due to the previous pain and vicious drops the market has given them. Everything will look like a scam pump but in reality there will be a move made by the markets that isn't anymore. A move that will highlight the start of the next rally. The footprints left behind will reveal soon if we are close to that or not.
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RWA just hit $10b in TVL for the first time ever. One of the most obvious and bullish narratives in crypto.
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