2024-7-29 17:00 |
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On a cold ‘Betwixmas' December morning, the mood around Bitcoin feels familiar and strange at the same time. Familiar, because the story still swings between euphoria and anxiety. Strange, because the people watching the chart now include a different crowd.
Every Boxing Day, I make the same cup of tea, check the same price chart, and ask the same question: What story is Bitcoin telling this year? Line up the December 26 close from the start of the exchange era to today, and a pattern appears.
Every Boxing Day, I make the same cup of tea, check the same price chart, and ask the same question: What story is Bitcoin telling this year? Line up the December 26 close from the start of the exchange era to today, and a pattern appears.
US inflation came in softer than expected, and the Fed delivered its third consecutive rate cut. The Bank of Japan raised rates for the first time in three decades without triggering a meltdown. On paper, the macro tape into year-end looks friendlier than it has in months.
Between October 28 and November 10, US spot Solana exchange-traded funds (ETFs) absorbed $343 million in net inflows across ten consecutive trading days. During that same stretch, SOL dropped from roughly $195 to touch the $145 zone.
Between October 28 and November 10, US spot Solana exchange-traded funds (ETFs) absorbed $343 million in net inflows across ten consecutive trading days. During that same stretch, SOL dropped from roughly $195 to touch the $145 zone.
Bitcoin is back at $106,400, a pivot point that has been critical to this cycle’s rallies and pullbacks. As we outlined in “Today’s $106k retest decided Bitcoin’s fate,” acceptance above this band has tended to unlock the next level.