Most asset classes have had a pretty muted start to the year.
The SEC stated that the Central Bank may take longer to drop their rates than predicted. They will likely take their time.
This is putting a dampener on investor’s spirits that were running high at the end of last year.
Bitcoin was the biggest loser this week. This exactly the opposite of what most people were expecting after the approval of the Bitcoin ETF.
I wish I had a Bitcoin every time someone painted this as the event that was gonna make every crypto degen a billionaire. Alas, it was not to be.
Most investors were eager to take their profits. The price was really close to $49,000, before dropping down to around $42.000.
It was the typical case of “buy the rumors, sell the news”.
However, Ethereum posted a formidable gain last week. The SEC has flirted with the idea of approving ETH-Based ETFs as well.
Maybe the sell the news time is coming for ETH too?
