Chain Reactions (Mar '24)
Market commentary for March 2024
Overview
Digital asset markets continued the upward trend into March of 2024, despite a noticeable pullback in the past week. Observing monthly BTC closings below, we are undoubtedly smack in the middle of an extraordinary bull run for Bitcoin. Yet while BTC has exploded in value, the overall market excluding BTC and ETH lags behind, setting the stage for an extraordinary run up
in crypto alts. Based on past cycles and BTC price behavior prior to halving events, we have reason to believe that BTC indeed has room to continue upward. Nonetheless, investment opportunities in the alts segments of the space have become increasingly enticing.
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