📈 Weekly Recap: Market Momentum Continues

The Defiant

Weekly Recap

Happy weekend Defiers!

Bulls continue to drive the crypto markets, with Bitcoin trading at its highest level since May 2022 on Nov. 2, despite the hype surrounding a potential spot Bitcoin ETF beginning to fall from mainstream crypto discourse. The upward price action followed the 15th anniversary of the Bitcoin whitepaper’s publication on Oct. 31.

The discount for GBTC, shares in Grayscale’s Bitcoin Trust, relative to Bitcoin slumped to a two-year low this past week. GBTC has tripled year-to-date, outperforming Bitcoin by 50%.