Turkey Embraces Crypto

Disclaimer: Your capital is at risk. This is not investment advice.

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This issue covers Ethereum (ETH), MakerDAO (MKR), Ripple (XRP), Solana (SOL), and Xinfin (XDC).

The Ethereum blockchain has dropped to 0/5 on the health score, which means transaction activity is declining. It has caused our fair value to slide below $1,500. We are not tied to that, but of more concern is the direction of travel, which is lower.

Strategy Is Not a Systemic Risk to Bitcoin

It should be noted that MSTR’s risk relates to the premium or mNAV, and not the credit risk. The latter would only kick in if the price of Bitcoin truly collapsed from here.

ByteFolio · Nov 26, 2025 Digital and Pro tiers

Saylor’s Dump

Bitcoin’s ByteTrend Score remains at a score of 0 since 16 November. This is bearish.

ByteFolio · Nov 19, 2025 Digital and Pro tiers

Baby Bear

Bitcoin’s ByteTrend Score drops to 0., which means the trend is now bearish. The $100k level has been broken, and a bear market fits the four-year cycle thesis.