Crypto Gloom

Comment by Curious Cryptos December 13, 2024 — Crenshaw & Trump | Mark Timmis | Coins | December 2024

mark timis
Coin Monk

tl;dr

Warren’s anti-liberal party is attacking its members as their undemocratic tenets understandably implode. The conflicts of interest that the Trump family appears to be embracing are a concern for all of us.

market snap

market lab

The UK economy went from a pre-election trajectory of growth to a completely predictable contraction in October. I think we all know what has triggered a dramatic turnaround in Britain’s economic well-being. On the bright side, the pound is selling on expectations that Bailey, who is even more incompetent than his predecessor as Bank of England Governor Mark Carney, will soon manipulate UK interest rates lower across the curve. A bag of cryptocurrencies (priced in dollars) of much greater value to us as Brits.

It was another big day, with $600 billion in inflows into spot BTC ETFs. This is 6,000 BTC hidden, compared to a daily mining output of only 450. Over the past 11 days, the ETF has accounted for over 50,000 BTC, and there is every reason for the size of these flows to continue to increase. BTC is only 21mm long, of which 4mm is believed to be lost forever. You can…