As digital assets enter the mainstream, Australian stockbrokers face familiar questions about trust, jurisdiction and client protection. The same questions we asked when connecting to global markets decades ago.
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US$1B in ETF inflows steadies Bitcoin near US$114K, while Ethereum lagged and select altcoins outperformed. Softer US jobs data reinforced expectations of rate cuts, shaping investor sentiment.
In my last report, I highlighted a liquidity-driven price forecast for Bitcoin, which is ascending to global reserve asset status as the best hedge against monetary debasement. This link with currency debasement has held up fairly well over Bitcoin’s short history.
In the latest update from Jamie Coutts, Chief Crypto Analyst at Real Vision, Sui's outperformance is highlighted, triggering momentum buy signals against BTC and SOL. Active addresses have surged from 20,000 to 1.2 million YTD. With US$767 million in net flows and low transaction costs, Sui is positioned as a scalable Layer-1 blockchain.
Digital asset majors stall higher before pressing to new highs for 2023. BTC Markets unveils the latest mobile app release: Portfolio enhancements, including tracking your portfolio over time! Correlation between Fed policy and financial markets reminds markets, “don't fight the Fed."