The Kobeissi Letter
The Kobeissi Letter|May 27, 2025 14:06
BREAKING: Crypto's total market cap has surged ~1 trillion, or +42%, since the April 8th low, to near a record 3.4 trillion. The crypto market's value is now just 240 billion, or 6%, below its December 2024 peak. Furthermore, crypto's market cap excluding Bitcoin has risen by 319 billion, or 35%. However, this is still ~380 billion, or 25%, below the November 2021 high and 381 billion below the December 2024 record. Bitcoin is performing exceptionally well.
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