Cryptos Are Suddenly Exploding Higher
While we do not see any obvious catalyst, cryptocurrencies are exploding higher this morning as the squeezes spread from energy to stocks to bonds to bitcoin. The last few days have seen positive comments from Powell (no China-style ban), Gensler (no China-style ban), and optimism about a Bitcoin ETF.
There is a very good chance that the Securities and Exchange Commission will finally approve a Bitcoin exchange-traded fund in two weeks, on...
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