C.R.E.A.M. #13 - New highs?

Dear Lizards,

A lot has happened these past weeks! Bitcoin surged over 6% to reclaim the $30,000 level, while Ethereum briefly surpassed $1,900 overnight. This positive momentum comes as major asset management firms, including BlackRock, Invesco, and WisdomTree, refiled applications for spot bitcoin exchange-traded funds (ETFs) with the SEC. These filings suggest growing interest in crypto investments.

Bitcoin's rally outpaced other coins, and its correlation with Nasdaq 100 turned negative for the first time since 2021. BlackRock's involvement sparked speculation of easier bitcoin ETF approval. Chinese stimulus expectations and the launch of EDX Markets also boosted sentiment. Bitcoin trades around $30,000, driving gains in the crypto market. Regulatory decisions on ETFs are eagerly anticipated.

We have an exciting portfolio of cryptocurrency updates in this letter including a teaching session and a new coin of the week!

Your Stockmoney Lizards