CryptoSlate's latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US.

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	Forwarded this email? Subscribe here for more The unlikely reality of Bitcoin as a reserve currency CryptoSlate's latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US. Aug 25   READ IN APP   Happy α Sunday 💪⛓️🚀 Our Sunday newsletter is dedicated to the recent content from CryptoSlate Alpha, the web3 membership designed to empower you with cutting-edge insights and expert knowledge. Built on top of Access Protocol, Alpha is incredibly easy to join — you only need a Solana self-custody wallet and a small amount of ACS tokens to stake, which will grant you access to all research and reports. For more information, see more about CryptoSlate Alpha. 🗞️ α Weekly Report The unlikely reality of Bitcoin as a reserve currency CryptoSlate's latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US. α Weekly Research Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day Institutional interest surges as traders bet on Bitcoin's price rebound. Realized losses minimal despite 80% of STH supply being underwater Shallow losses suggest confidence among Bitcoin holders despite high underwater supply. 📈 α Top Insights Bitcoin accumulation surges as miners and retail investors show confidence Ethereum gas and fee plummet drive inflation to +0.7% Bybit emerges as dominant exchange with $2.5 billion BTC spot volume 📖More α Research Grayscale outflows overshadow Ethereum ETF inflows Grayscale's massive outflows dampened the early excitement for Ethereum ETFs. Bitcoin sees record growth in long-term holder supply  Growth in Bitcoin ETFs could be behind record increase in long-term holder supply. Bitcoin market cautious as longs and shorts balance out Stable long/short ratios in futures suggest balanced market sentiment as Bitcoin holds at $60,000. Questions? Get in touch with us here. Connect with us Telegram • Twitter • LinkedIn • YouTube • Instagram   Like Comment Restack   © 2024 Zenzio Incorporated 11010 Harbor Hill Dr NW, STE B405, Gig Harbor, WA 98332 Unsubscribe