Weekend Surge Brings BTC to $42k, Inflows Remain Strong
Dec 4, 2023
Market Update Bitcoin experienced yet another weekend rally, breaking above $42,000 for the first time since the Terra unwind in April 2022. $BTC has since retraced slightly, stabilizing around the $41.5k mark. A major beneficiary of the rally was $STX, the Bitcoin layer 2 token we pinpointed as a buy in our recent strategy note. The token has rallied impressively, marking an approximate 25% increase today and a 50% bump since the start of this month. $ETH, while also on an upward trajectory and currently trading above $2.2k, hasn't quite kept pace with Bitcoin, leading to a noticeable uptick
Finish reading this report for free
Enter your email and we'll send the paywall-free report directly to your inbox
Articles Read: 0/2
In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.
Get unlimited access to Tom Lee's Fundstrat research
Subscribe
Already a member?
Log in