Green Crypto Christmas
This year Santa gave us green candles for Christmas!
'Tis the season. Santa visited crypto market participants this month, with anticipation of easing interest rates fueling strength across all risk markets and sending the total crypto market cap (TOTAL) up 17% since the start of December. What other catalysts have positively impacted prices this month?
While macro is helping to drive a portion of the outperformance, crypto markets have been buoyed by the impending approval of spot Bitcoin ETFs, the first of which seem likely to occur in January.
Window is officially Jan 5th to Jan 10th. Really this means that any potential approval orders are going to come on either Monday Jan 8, Tuesday Jan 9, or Wednesday Jan 10. Mark your calendars people. https://t.co/8ob8Y6pgU5
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Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
