Crypto’s $2 Trillion Wipeout

Since peaking in early October, the market cap of all cryptocurrencies has slid from a $4.3 trillion peak to about $2.3 trillion today:

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Following a series of massive liquidations, crypto has erased $2 trillion in market cap since October. (Source: Kobeissi Letter)

In comparison, gold’s 9% haircut last Friday wiped out a similar $2 trillion valuation.

We forecast markets would hit historic highs before getting chopped in half. Bitcoin and cryptos as a block are leading the way early in the year.

We’ll be talking to Mark Jeftovic tomorrow about tge big pops and drops lately and how to play them. The price action at the top is a feature — not a flaw — of this “Most terrifying bull” market.

~ Addison

P.S. Mark Jeftovic’s joining us at a special time this week for Grey Swan Live! — Friday, February 6, at 2 p.m. ET. He’s going to help us unpack a set of signals in crypto and Dollar 2.0 digital assets that rarely appear at the same time — and almost never by accident.

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Mark will walk us through what’s happening with bitcoin, and what to expect next when capital, policy, and power start pulling in the same direction. Fascinating stuff!

Our Banyan Hill Publishing partner has an exciting crypto play via Ian King Next Gen Coin. Learn more about it here.

Since peaking in early October, the market cap of all cryptocurrencies has slid from a $4.3 trillion peak to about $2.3 trillion today:

Turn Your Images On

Following a series of massive liquidations, crypto has erased $2 trillion in market cap since October. (Source: Kobeissi Letter)

In comparison, gold’s 9% haircut last Friday wiped out a similar $2 trillion valuation.

We forecast markets would hit historic highs before getting chopped in half. Bitcoin and cryptos as a block are leading the way early in the year.

~ Addison

Turn Your Images On

Mark will walk us through what’s happening with bitcoin, and what to expect next when capital, policy, and power start pulling in the same direction. Fascinating stuff!

Our Banyan Hill Publishing partner has an exciting crypto play via Ian King Next Gen Coin. Learn more about it here.

Rapid growth in Treasury bill issuance is tying federal borrowing costs more tightly to short-term interest rates set by the central bank…

SpaceX has given a masterclass on what to expect from an IPO. But history shows a surge in IPO volume tends to mark near-term market caution.

With inflation fears fading and risk appetite surging, precious metals may be setting up as one of the market’s most overlooked opportunities.

The bull market has continued to reward investors who stayed focused on long-term trends rather than reacting to headline-driven volatility.

Rapid growth in Treasury bill issuance is tying federal borrowing costs more tightly to short-term interest rates set by the central bank…

SpaceX has given a masterclass on what to expect from an IPO. But history shows a surge in IPO volume tends to mark near-term market caution.

With inflation fears fading and risk appetite surging, precious metals may be setting up as one of the market’s most overlooked opportunities.

The bull market has continued to reward investors who stayed focused on long-term trends rather than reacting to headline-driven volatility.