Strangely Rational — Week in Review

Bitcoin is finally showing signs of fatigue after its multi-month ascent from the $60k level to nearly $88k. As of Friday morning, BTC is settling in around $80,800 after what will likely be its biggest weekly downmove since June. Despite the correction, BTC looks technically solid on longer timeframes , and both the S&P 500 and the Nasdaq touched new all-time highs this week, fueling general optimism in risk assets. And bitcoin’s resilience remains one of the more interesting stories. Jeff Dorman argued that crypto is becoming an actual capital market, with investors rotating between themes based on data.

Source: Bitcoin.com News