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Market Rally as the Chiefs Take the Super Bowl
Chart of the Week
With Bitcoin pumping, it’s encouraging to see the entire alt coin market rallying around it. We’re now resting just below yearly highs, and things are feeling extremely bullish for the time being. GBTC outflows continue to decrease while BTC ETF volume remains high despite what many experts believed would happen, and ETF issuers have purchased more than Michael Saylor’s holdings thus far.
On a side note, we don’t know what Taylor Swift’s team winning the Super Bowl means for crypto, but it means something - we’ll keep an eye out and update our readers as information comes in…
Crypto Market Cap Excluding BTC & ETH, Source: TradingView