Market Meltdown
Disclaimer: Your capital is at risk. This is not investment advice.
ByteFolio Issue 153;
In the early days of Trump’s term, crypto was all the rage, but now the discussion has moved on to tariffs. Global financial markets are in meltdown, and while Bitcoin has held up well, it hasn’t escaped the sell-off.
Bitcoin ByteTrend Score 1 of 5
Bitcoin (black) has followed the Nasdaq (red) for years. The normalisation is set to the Bitcoin April 2021 peak, and this time it is no worse. Given that the Nasdaq is falling hard this year, that doesn’t feel like fun. Bear in mind that in past sell-offs, Bitcoin was much worse, and so this is another sign of maturity.
Bitcoin and Nasdaq
The portfolios have been defensive for a while. In this Bitcoin-centric market, ByteFolio has lagged behind the price of Bitcoin but kept up with the broader market (MVDA). Yet it has done nearly three times better than Ethereum, which is very satisfying to see. ByteFolio’s next job will be to take advantage of the turn.
