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| By Beth Canova |
We have officially spent over a full week in a post-spot Bitcoin (BTC, “A-”) ETF world.
But Bitcoin hasn’t taken off.
In fact, it’s corrected from its Jan. 10 high near $50,000 down to its current price near $40,300.
If you were just looking into the crypto market, you may be dissuaded by this. After all, shouldn’t the spot ETF approval have sent BTC’s price through the roof?
Like with a lot of things in crypto, the answer is a bit more complicated.
3 Weiss Crypto Experts Break Down the Bitcoin ETF Impact
That’s why Jurica Dujmovic used his Weiss Crypto Daily contribution to get our experts to weigh in on why the ETF approval wasn’t the finish line. Instead, it was just the beginning of an even longer race. He picks the brains of Juan Villaverde, Dr. Bruce Ng and Marija Matić to reveal all the challenges and payoffs they anticipate will come down the pike from this watershed moment.
The Fed’s 2024 Sleight of Hand Will Send Bitcoin Soaring
Juan Villaverde then takes the spotlight to reveal another factor he anticipates will keep the upside pressure on Bitcoin — rising global liquidity, courtesy of the Federal Reserve. Even if no official change in policy comes, Juan breaks down how the Fed can keep a tight grip on the liquidity hose with one hand … and still pour into the market with the other.
Bitcoin’s Breather Gives Ethereum Time to Shine
For now, however, Bitcoin is undergoing a much-needed correction. But that’s not a cause for concern. Indeed, I explain in my latest issue why savvy investors see this as a golden opportunity to load up before it’s too late … and where the market’s attention will likely go next.
3 Cryptos Topping Charts in the Solana Ecosystem
Speaking of where the market will go next, there’s one top-performing Layer-1 catching everyone’s attention. Solana (SOL, “B”) has been on a tear since fall 2023 and only just started correcting. Even still, its pullback is shallow. It’s sure to draw investor attention in the coming bull run. That’s why Dr. Bruce reveals the 3 top-performing cryptos on that network which can work as leveraged plays on Solana’s continued growth.
Soulbound Tokens Could Take NFTs to the Next Level
All this excitement over Bitcoin shouldn’t blind you to the exciting things happening in the NFT market. Namely, the rise of Soulbound tokens. Jurica Dujmovic breaks down this intriguing new non-fungible asset and how it could irrevocably change the entire way we understand digital asset ownership.
That’s all the Weiss Crypto Daily goodness from this week. Check your inbox tomorrow for your next issue.
Best,
Beth Canova
