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BTCBTC
💲66984.48
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0.09%
ETHETH
💲2052.12
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0.73%
SOLSOL
💲80.26
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0%
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The Kobeissi Letter
The Kobeissi Letter|May 18, 2025 18:47
Crypto is loving the Moody’s downgrade: Bitcoin is now 4% away from a new all time high and up over +40% since its April low. As the US Dollar weakens and uncertainty rises, Bitcoin and Gold are thriving. Instability is Bitcoin’s best friend.
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Timeline

Jun 17, 18:40【Bitcoin is replacing gold】
Jun 17, 15:37【Bitcoin fell and some Bitcoin treasury bond bonds rose】
Jun 17, 14:46【Gold performs strongly but has not yet faced World War III】
Jun 17, 14:22【The market value of SMLR is inversely related to the value of BTC held】
Jun 17, 14:16【The market is falling, but CRCL is rising again】
Jun 17, 13:43【BTC price rises, investor sentiment rebounds】
Jun 17, 13:17【After Bitcoin rebounds and breaks through $106000, traders are no longer bearish】
Jun 17, 12:15【Cryptocurrency related stocks in the US stock market have seen a significant increase】
Jun 17, 09:43【The purchasing power of the US dollar has decreased, while gold and Bitcoin have risen】
Jun 17, 09:16【USOIL rises to $72】

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