Bitcoin has reached levels that suggest a pause for breath, which would be healthy for attracting and assimilating wider adoption. But it might not last long. Political developments are a signal of a growing disillusionment with big government, while fundamental changes in the composition of Japanese inflation might indicate further dollar debasement ahead. We highlight MKR, NEAR and AVAX as bad actors in the space get their comeuppance.
• Technical analysis No need to take on silly risk while BTC dominates
• On-Chain Ordinals flatter a softer on-chain picture
• Macro Fracturing politics and Japan’s inflation concerns
• Cryptoverse Sins of the past being laid to rest