💡This issue covers GBTC, Ethereum (ETH), Polygon (MATIC), crypto regulation in Hong Kong, and institutional investing in the crypto space. The Grayscale Bitcoin Trust (GBTC) was the first publicly available Bitcoin Fund that could be traded over the stockmarket. It was launched by Barry Silbert on 25 September 2013, and
💡This issue covers Bitcoin Cash (BCH), The Open Network (TON), Aptos (APT), ApeCoin (APE), crypto regulation in the UK and HongKong, and Ethereum staking. The crypto space remains soft. It is remarkable how little is going on in the top 20 projects, with just three showing some promise. Ali writes
ByteFolio 74; 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.
ByteFolio 73; It is a simple idea, but Bitcoin and the stockmarket have always been correlated, albeit with radically different performance scales. To make the chart work, we need to put Bitcoin onto a log scale. I highlight four occasions where Bitcoin warned of a coming correction in stocks. Bitcoin
ByteFolio 72; 2023 has not been a good year for crypto exchanges, especially for those in the US. The SEC’s crackdown against Binance and Coinbase has greatly affected their US trading volumes, particularly Binance.US, which has almost lost its majority market share. After processing a high of $1.
ByteFolio 71; While crypto prices have been hit, along with most equities and bonds, the damage appears to be limited. Of particular note is how the crypto space saw fewer downtrends last week when priced in BTC and didn’t perform badly in USD either. The ByteTree Crypto Average (BCA)
ByteFolio 70; ByteFolio brings together ATOMIC, ByteTrend and Token Takeaway to create ByteTree’s model portfolio, known as ByteFolio. This is a selection of crypto tokens, which are weighted according to their risk/reward characteristics. ByteFolio has a modest turnover and will not suit traders. It will appeal to investors