Hi everyone! Welcome back to the Flarnchain newsletter, brought to you each and every week like an atomic clock. This week I'm going to keep it ultra mega short because I've got a huge project I'm working on tonite and don't have time to ramble on and on about crypto, even thought I really want to!
Let's get right into it. Here's the weekly chart:
Maybe you caught it. This week is the first week in a very long time that the global crypto market capitalization was above $1.5 trillion. In fact, it's almost $1.7 trillion by the time of writing this newsletter, so the market has gained about $200 billion in market cap in just a week, which is astounding. Why is $1.5 trillion an important number? Well, in my mind it's important because it's halfway to the last bull market peak, and that's gotta mean something psychologically, and if you've been reading this newsletter long enough you might know that I tend to think (among many other people much smarter than myself), that markets are pretty much 100% psychology, because markets exist because of humans, and humans are psychological creatures.
Okay enough of that esoteric mumbo jumbo, time for the market animal, and then let's get outta here!
Okay as you can tell, this week is a bull market. that's two weeks in a row now 🐂🐂.
As I said before, I'd love to ramble away about crypto tonight, but tonight I have much bigger fish to fry in the fiat mines. Cheers!
-Flarn
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