William Ogden Moore from our research team walks through our recap of April 2024, and explains why we believe the
#crypto
market and
#bitcoin
can move higher again through the remainder of 2024, as long as the macro markets backdrop remains broadly supportive.
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For the most part, the pullback appeared to reflect a broad decline in market sentiment, but there were a handful of thematic trends as well. For one, valuations for several decentralized exchange tokens, including $UNI, had poor risk-adjusted returns. (4/8)
US government policies that affect the economy and/or the outlook for the US Dollar may also have implications for $BTC. After all, Bitcoin is an alternative money system that competes with the Dollar. Watch more from
@LowBeta_
:
Tokenization on blockchain streamlines asset ownership. We believe the
#Ethereum
blockchain has the best chance of serving as the unified platform for tokenized assets, investors, and related applications.
Read our newest report on Tokenization:
The Grayscale Crypto Sectors categorize this emerging industry based on tokens' function, technical features, and exposure. Read our white paper to get started:
NEW: Crypto valuations pulled back in April 2024 but industry trends remained broadly favorable. Highlights included:
🅱️ The
#Bitcoin
halving
📢
#Ethereum
rumbles
🏛️Legislative progress
🪙Stablecoins' market cap rose
Read our recap for deeper analysis:
Later this month, Grayscale's Brooke Stoddard joins Crain Currency's webinar, Unlocking Wealth: Navigating Cryptocurrency for Family Offices.
Tune in Thursday, May 16, 2024 at 2:00 PM ET 📺
Registration and more information: