The World Liberty Bid, ETH Momentum, and MSTR's Nasdaq 100 Prospects
Dec 12, 2024
• 5
Min Read
Author
AVAX
-0.33%
BNB
5.42%
BONK
0.25%
BTC
-0.32%
CORE
N/A%
ETH
0.31%
HNT
1.37%
JTO
7.61%
MKR
-0.93%
OP
2.24%
RAY
1.26%
SOL
-0.12%
STX
N/A%
XRP
1.48%
BITW
-0.17%
BTBT
-0.02%
CLSK
+0.72%
COIN
+3.72%
CORZ
-3.28%
HIVE
+1.12%
HOOD
+11.64%
HUT
+0.57%
IREN
-0.08%
MARA
+2.35%
MSTR
+4.91%
RIOT
-1.77%
SMLR
WULF
-3.09%
Core Strategy
Our base case assumes that the macro environment will remain accommodative for crypto through year-end. However, in light of recent market action, we remain alert for signs of a local top (not a cycle top). That said, it is difficult to justify a risk-averse stance at this stage and think it is right to lean into this altcoin rally.
Strong Dollar + UST Supply Drove Today’s Weakness
The crypto market’s weakness earlier this week stemmed from broad macro derisking ahead of the CPI release. We anticipa...Finish reading this report for free
Enter your email and we'll send the paywall-free report directly to your inbox
Articles Read: 2/2
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