nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqvap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aesst3mr8r
https://finance.yahoo.com/news/3-signs-leading-cryptocurrencies-could-083000070.html
nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqvap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aesst3mr8r
https://finance.yahoo.com/news/3-signs-leading-cryptocurrencies-could-083000070.html
nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqvap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aesst3mr8r
✍️ The article discusses the weakening of digital asset treasury (DAT) companies, which have driven up the prices of top cryptocurrencies, and the bearish sentiment in the crypto market, with gold prices soaring.
👉 The DAT trade, which involves publicly traded companies buying specific cryptocurrencies, is weakening
👉 Momentum for DAT companies appears to be waning, making it difficult for them to raise new money from investors
👉 The Crypto Fear & Greed Index is tipping into bear territory, indicating a decline in market sentiment
👉 The price of Bitcoin has stalled, and some traders are warning that it may have further to fall
👉 Gold prices are soaring, beating the major cryptocurrencies
👉 DAT companies are no longer trading at a premium to their cryptocurrency holdings, making it difficult for them to raise new money from investors
#DominicBasulto #technology
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