📈 Market update

It was a bull trap…

The market has been falling lately. Bitcoin is down 16% and Ethereum has dropped 24% since last week. BTC now trading just above $80k and ETH below $2k. Even the Nasdaq is down by more than 4%. This situation is prompting many traders to consider setting up short positions.

It looks like we might be entering a bear market. However, global liquidity is still increasing, which is an important factor. When there’s more money available in the market, it can help support a rebound even when prices are falling.

Historically, Bitcoin tends to follow global liquidity with a delay of about 75 days. Since global liquidity is on the rise now, it could mean that the current downtrend might soon reverse. In other words, a market turnaround may be on the horizon.

👀 Projects we’re keeping an eye on

Keeta Network - $KTA — Website | X

“The world’s most scalable blockchain network.”

Read our take on Keeta

Seismic — Website | X

“the encrypted blockchain”

Read our take on Seismic

📰 What are the latest?

Transaction fees on Solana fall - Lowest transaction amount since September, the market really seems to be slowing down 

Crypto Loan Backed by $130M in ETH - $130M loan might get liquidated by ETH falling prices!

Coinbase to Launch Crypto Futures Trading in the U.S. - The exchange is also working on launching perpetual-style futures in the U.S. with long-dated expirations.

🧃 In other news

• $MOVE ETF Coming?

• Stablecoins are the future of USD

• Curve’s monthly users ATH

• Trump’s project down $110M

• $876M outflows from digital assets

$MASK token coming?

We’ve been hearing rumors about a $MASK token for years now… Will it finally happen, will Metamask create their own token? Seems like it could be possible soon.

The airdrop would be insane on this one!

Note: don’t fall for scams, any $MASK token you see out right now is a scam

🙏 Thank you for reading

That's all we have for this week, but rest assured, we will return next Tuesday with more updates and insights.

However, if there are significant developments or major market updates that arise before then, we will make sure to keep you informed and aware of the latest happenings.

In the meantime, stay positive and stay in the market!

— Bruno