Three Pieces of Positive Crypto News!
TL;DR
Someone just clocked 7,000% return on their BTC investment, the Grayscale BTC ETF saw its first ever inflow, and the crypto market has rebounded!
Full Story
Alright, so the second article in today’s edition is a little depresso…
So let’s front run it with some positive, snackable, high-fructose news stories:
A mysterious Bitcoin wallet just moved some funds around for the first time since 2014.
At the time, the 687 BTC were worth around $620k…now, they’re worth a tidy $44M (give or take) — that’s a ~7,000% return.
The Grayscale BTC ETF has been bleeding money ever since it launched…until last Friday when it reported an inflow of $63M!
Grayscale’s consistent selling pressure has helped to stunt Bitcoin’s recent price appreciation. Now that it has flipped, we may be in for some solid (market wide) gains in the coming months.
The crypto market has dragged itself out of the gutter in less than a week!
Last Wednesday, BTC was at $56.5k, ETH was at $2.8k, and SOL was at $118.
Over the weekend, Bitcoin pushed as high as $65k, Ethereum returned to $3.2k, while Solana is hovering around $153 (as of this writing).
Not bad. Not bad at all.