Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG.
Market commentary
Good Morning!
What is Barry Silbert (founder and CEO of Digital Currency Group) trying to tell us?
https://twitter.com/BarrySilbert/status/1457494228301488133
I have some ideas, but it is mainly just speculation. The most obvious message: Might Grayscale be getting ready to transform their Bitcoin (BTC) and Ethereum (ETH) trust into an ETF? If I look at the Greyscale premium/discount chart, it does not look that way.
We are still roughly 15% below the BTC spot price. But his tweet and the price action that followed indicates that the market is expecting some positive momentum (even though we are all just fishing for a reason). Nevertheless, it will be an exciting week. We are so close to a bitcoin all-time high.
Enjoy the ride!
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