“Last week, the markets of cryptocurrency they remained in mode consolidationwith Bitcoin exchanged laterally around 85 thousand dollars before reaching 87 thousand on the weekend. The expectation of the market has increased in view of the main catalysts of this week, including i PCE inflation dataThe US GDP of the fourth quarter and the deadline of 11.67 billion dollars in bitcoin options. The sentiment index on the cryptocurrencies is starting to report a slightly bullish perspective, since selected indicators such as the exchanges of exchange BTC and Crypto Hedge Fund Beta have shown a modest improvement “. This is what emerges from a recent report by Bitwise according to which Bitcoin could reach a new historical maximum, even exceeding $ 200 thousand.
The United States aim for the transition from gold to BTC
“Sovereign accumulation of durable assets is accelerating, with the China which – highlights the report – increases the Auree reserves they United States who explore the purchases of Bitcoin through gold sales. The potential risk of Oro overvaluation could trigger a capital movement towards Bitcoin as a sovereign reserve asset. “While the gold continues to establish new historical tops, analysts expect the Evaluation gap Relative between gold and Bitcoin is reduced. Bitcoin’s investment case – according to BiTwise – is increasingly convincing on a relative basis, offering a scarcity similar to goldbut with a portability, a divisibility and a 24 -hour liquidity of 24 higher. These attributes are better aligned with the operational needs of modern capital markets. There diversification of the portfolio In Bitcoin together with gold, it not only improves the yields adjusted for the risk, but also the sovereign and institutional portfolios for future proof against the monetary devaluation and the realignment of the global capital.
Cryptoasset sentiment index
The “Cryptoasset sentiment index” Batwise interior began to report a Sentiment slightly bullish. At the moment, 4 out of 15 indicators are above their short -term trend. The Crypto Hedge Fund Beta improved compared to last week together with the affluent of BTC Exchange, while other indicators remain relatively bearish. The Crypto Fear & Greed Index currently reports a level of “fear” sentiment starting this morning, slightly improvement compared to last week. The dispersion of the performance between the cryptocurrencies remained at very low levels, indicating that the altcoin they continued to be highly related to Bitcoin performance lately. The Altcoin Surcoinnce compared to Bitcoin increased last week, with about 60% of the monitored altcoins who managed to overcome Bitcoin on a weekly basis. Ethereum also managed to overcome Bitcoin last week. In general, the increase in Altcoin’s supper -perance tends to be a signal of Increase in risk propensity In the cryptocurrency markets and the latest Altcoin submarine reports a propensity for the bearish risk at the moment.
The sentiment in traditional financial markets, measured by Di Bitwise through the Cross Asset Risk Appetite (Dear), he continued to improve last week, going from 0.23 to 0.31. The index reports a slightly bullish cross asset risk propensity.
