In This Issue
- I share my thoughts on the state of the market, inflation numbers are in, China leading the rally, FTX comeback, Avalanche Evergreen & position updates.
- Rekt Capital has the latest technical analysis for you on the market.
- Erik has a report for you on Bitcoin dominance.
- Defi Dad has a tutorial for you on a Maverick AMM airdrop strategy earning 22% APR with a directional stablecoin LP.
- Jesse has a ton of hot new airdrops for you.
- Rebecca has all of the latest news for you.
For any crypto related questions please comment on the website.
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Buy, trade, and hold 600+ cryptocurrencies on Binance
What’s On My Mind by Lark
The State of the Market
Bitcoin has broken $30,000 for the first time since June 2022. That was when Celsius, Voyager, and Three Arrows capital blew up. While we remain a long way from a new all time high, this is an encouraging sign for the crypto markets. Especially at a time when there is so much crypto specific FUD floating around.
In other news, Microstrategy is back in profit as along as Bitcoin is trading above $29,000. Saylor and co have some massive balls to have diamond handed that fat stack of BTC down to $16,000 and back up.
Bitcoin Dominance is once again soaring higher. In fact, it is currently at a critical level. A move higher here could represent a very strong Bitcoin cycle taking off. A move down would represent a move by the market back into altcoins which would then see prices on altcoins moving higher. Everyone will be watching to see how this breaks.
I also like this chart. It is the 1 year hodl wave. It shows that over 67% of Bitcoin has not moved in a year. People are just holding like crazy and waiting for higher prices or simply exiting fiat.
In other news, the big Ethereum upgrade is finally here. Some stakers have been waiting since December 2020 for this day. And it is finally here. Stakers can now unstake their coins should they wish and withdraw their staking rewards. Long term I see this as a very positive event for Ethereum.
Burn stats also continue to look good for Ethereum. Layer twos are driving more demand for ETH and bridging is burning up fees. Demand for access to layer one Ethereum remains very strong.
Inflation Numbers ARE IN!
So, the inflation numbers are in and the CPI in the USA has dropped from 6% in February to 5% in March! Holy cow! That is massive. It also came in lower than expected with it widely being anticipated that we would see 5.2%, and yet it came in even lower. This shows that inflation is rapidly cooling. Which is a good sign for risk markets. Now all eyes will be on the next FED meeting and how much and even if they raise interest rates again. One more raise of 0.25% would make the interest rates and inflation equal. And historically the FED has stopped raising when this has happened.
China Leading The Rally
While we are currently seeing lending declining in the West as economies batten down the hatches, in the East we are seeing Chinese lending increasing dramatically!
Hong Kong has announced that it is making a big push into Web3 AKA…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
