Treasury Buyback Catalyst Approaches, BTC Options Signal Growing Upside Demand, Golden Cross Supports Intermediate-Term Bull Case

Crypto held up reasonably well today despite a challenging macro backdrop. Crude and the broader commodity complex continued to move higher amid Middle East tensions, and yields rose while the S&P 500 and Nasdaq finished lower. Miners benefited from pockets of strength in tech, but the broader takeaway is that crypto absorbed what would otherwise be a fairly difficult environment. I think part of that resilienc...

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