Bitcoin Allocations Matched With Gold?

Will Bitcoin ever match the gold in investors’ portfolios? ๐Ÿ…

JP Morgan ($JPM) thinks that for Bitcoin to rub shoulders and match the allocation of gold in investor portfolios, its market cap would need to skyrocket to $3.3 trillion.

That’s a price tag that would see Bitcoin’s value more than double. But don’t hold your breath; JP Morgan analysts believe cryptos volatility is 3.7 times more volatile than goldโ€”which keeps it from reaching such lofty heights. They suggest a more grounded future where Bitcoin’s market cap could shrink to $0.9 trillion, pegging its price at $45,000. ๐Ÿคฌ

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Stripe Joins MetaMask

Buying crypto with fiat currency is smoother than ever. โฉ

MetaMask just unveiled its latest move: a partnership with Stripe for its US users.ย 

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Technically Speaking – November 13, 2023

The pullbacks are happening. ๐Ÿ”™

A good chunk of the top 25 market cap cryptocurrencies have one thing in common: they’re correcting after some large gaps between the Tenkan-Sen and their daily candlestick bodies.ย 

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FX RRG – Week 20

Stocktwits Forex RRG

Relative Rotation Graphs (RRG) help us visualize how a currency or sector performs compared to a benchmark – in this case, the U.S. Dollar Index (DXY). Think of the four colored sectors as stages in a race:

Leading Quadrant (green) – You’re a champ! ๐Ÿ† You’re ahead of everyone else, and the crowd is cheering. But watch out; you might be overdoing it.
Weakening Quadrant (yellow) – You’re slowing down ๐Ÿ˜“ and losing your lead. Maybe you’re a bit demoralized because your biggest fan didn’t show up. You’re now in the middle of the pack.
Lagging Quadrant (red) – Disaster strikes! ๐Ÿ˜ฑ You’re injured, exhausted, or just made a big mistake. You’re now in last place, and it’s a sad scene.
Improving Quadrant (blue) – Time for a comeback! ๐Ÿ’ช Your motivation returns, the music swells, and you’re picking up speed. You’re back in the middle, catching up with the leaders.

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