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GBTC Flips Positive! Is This Fuel for the BTC Bull?

Lark Davis May 7, 2024
GBTC

Gm friends,

The mood in crypto has been a little manic lately as price fluctuations lead to speculation about where we are in the cycle.

But sentiment has improved at the moment, and last week there was some positive news around the Grayscale spot BTC ETF.

So, let’s begin with a look at GBTC and an unexpected change in its performance.

Here's what's in today's issue:

  • Sam shares his thoughts on GBTC finally registering inflows, 1,155 BTC stolen, Sui Network’s spam test, Cardano partnering with Bitcoin Cash & MoonPay integrating with PayPal.
  • Week 11 update on the 10x portfolio.
  • This week on chain.
  • This week's trending coins by Rebecca.
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GBTC Registers First Inflows Since spot BTC ETFs Launched

It was quite the ride for crypto last week, with prices crashing before a welcome weekend recovery, and one part of the journey that took everyone by surprise

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