Crypto Market Downturn
Disclaimer: Your capital is at risk. This is not investment advice.
ByteFolio Issue 113;
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This issue covers Near (NEAR), Arweave (AR), Pendle (PENDLE), and Kaspa (KAS).
As predicted, the crypto market is softening, with Bitcoin down to $62k. There is support at $60,000, and a strong 200-day moving average, so I would be confident that the downside is limited.
Bitcoin Price
But the ETFs turned to outflows last week, and as I mentioned, the network has slowed.
Bitcoin Held by ETFs
I am writing the next ATOMIC on Bitcoin this week, so I will go into the details there. In the meantime, ByteFolio is over 50% Bitcoin, and the remaining tokens are our analysts’ favourite long-term positions.
ByteFolio Performance in USD
