We’re in a soft patch for crypto, which is healthy for its long-term evolution. These are the times when bitcoin moves into strong hands, for those who prefer to fix their roof while the sun shines.
There’s not a huge amount to like about the technical picture, but that could change rapidly. In truth it’s nearly impossible to call short term price moves. We look at the power of averaging in and the implications of the decline in on-chain velocity.
We discuss the inevitability of liquidity growth in a world where “Central Banks are slaves to the needs of government spending”. Bitcoin’s price is closely aligned to term premia.
Scrutiny of altcoins continues to become more rigorous, as per a Forbes article on zombies. This all helps get the sector ready for more serious investor participation. We take a look at Polymesh (POLYX), a platform positioning itself to comply with the highest regulatory and compliance standards in security tokenisation. We also note the continued improvement of bitcoin usability as Coinbase rolls out Lightning.
- Technical analysis Bitcoin rangebound, differentiation in the alts
- On-Chain Velocity revisited, the power of averaging in
- Macro In a world of fiscal dominance, the 60:40 won’t work
- Cryptoverse Polymesh, spotting Zombies, Coinbase launches Lightning