Weekly Analysis 4/15

The INX Digital Company INC | April 15, 2024
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Spring is in the air, and RWA Tokenization is blooming! Over the past week, we’ve continued to pave new paths for you to leverage the digital economy in pursuit of your financial goals. Here are the highlights:

Weekly Analysis

Why Can’t Bitcoin Make A Clean Break Above $70k? Here’s What The Macro and Metrics Say

The current Bitcoin bull run is unique in that it’s the first time Bitcoin has rallied in a high-interest rate environment. In fact, Bitcoin is not alone. Gold and stocks have also climbed higher despite the conventional economic wisdom that high-interest rates depress the allure of non-income-generating assets. Yet, Bitcoin seems to be struggling to decisively break the $70,000 mark.

One significant metric affecting Bitcoin’s price is the inflow of funds into Bitcoin ETFs. After a robust influx of approximately 214,000 BTC by mid-March, the past month has only seen an additional 8,000 BTC. This slowdown could suggest a cooling interest or a shift in investor strategy, impacting the asset’s ability to sustain a rally above $70k.

**Source: Apollo

The ratio of spot trading to derivatives trading provides insight into market sentiment and risk tolerance. During the March rally, an increase in spot buying (direct purchases of Bitcoin) indicated stronger confidence among investors, helping Bitcoin reach new highs. However, a recent shift toward derivatives—often associated with higher risk and speculation—suggests a more cautious or speculative market approach, possibly capping the upward movement.

**Source: Cryptoquant

Nevertheless, Bitcoin’s current price action is muted compared to previous cycles. Each previous Bitcoin bull market had corrections of 25% or more. This time, Bitcoin’s dips are shallower, reflecting the new class of market actors that have entered the fray.

**Source: Glassnode

The Fear and Greed Index, a popular metric to gauge the general sentiment among cryptocurrency investors, has remained at elevated levels. This suggests that while investors are cautious, there is still a strong sentiment of greed in the market, which can prevent panic selling and support price levels.

**Source: BitDegree

A critical event on the horizon is the Bitcoin halving, where the reward for mining new blocks is halved, effectively reducing the rate at which new Bitcoin is introduced to the market. Bitcoin’s inflation rate will drop under 1% after the halving, less than every asset on the planet. Historically, halving events have led to increased prices due to perceived scarcity and increased demand. The anticipation of this event could be playing a role in sustaining investor interest and supporting price levels.

**BitBo

Bitcoin’s inability to break above $70k conclusively can be attributed to a combination of slowing ETF inflows, a shift towards riskier derivatives trading, and a complex macroeconomic environment. Nonetheless, the resilience in price dips and elevated market sentiment, along with anticipation of the upcoming halving event, suggest that Bitcoin could still see a significant breakout. Investors should keep a keen eye on these factors as they evolve.

Trade Better & Earn More

Take advantage of your opportunity to customize INX.One to suit your preferences while earning rewards. Share your insights to help us enhance and tailor our platform to better meet your needs. Complete our Product Customization Survey, providing feedback on various aspects, rating your funding and trading experiences, and suggesting desired features and assets. Your participation automatically enters you into a raffle for a chance to win special prizes. The raffle draw will take place during a live broadcast on our social channels on May 2nd.

INX On Air

Make Tokenization Work for You!

Hope you tuned in to our LinkedIn Audio, where we revealed ways to leverage tokenization for your financial goals. Experts Anton Golub, Alex Davis, and host David Azaraf brought mega insights about the practical first steps, the expedited path to scalability, best practices, and critical security essentials. Want to learn more? Stay tuned for the upcoming audio.

Republic Space Week Highlights

We loved celebrating Republic Space Week with our colleagues and partners on our tokenization journey. During our joint X Space event, in collaboration with Wolf Finance, Republic Crypto’s Andrew Durgee, and our very own Alan Silbert and David Azaraf, we discussed RWA tokenization in private markets and INX.One’s path to legally manifest it in the US. We also delved into the Note’s special offer and what lies ahead for the token.

Trading on INX.One

Don’t forget to review the list of primary and secondary security tokens offered on our platform, each representing a different industry and a unique opportunity.

Optimize Your Portfolio

INX in Tokyo

INX’s team spent last week in Japan and joined our beloved local community for special meetups with INX Token holders. Our team was thrilled to finally meet our valuable INXers in person in Osaka and Tokyo. During our visit, our CEO, Shy Datika, served as a keynote speaker at the TEAMZ WEB3/AI SUMMIT, where he discussed various use cases for tokenizing real-world assets (RWA). He revealed both the tokenized RWAs already available on the platform and those that will soon be added.

Your Favorite Tweet

The tweet of the week was gold! Ralph Waldo Emerson once said, ‘The desire for gold is not for gold. It’s for the means of freedom and benefit.’ Similarly, the desire for tokenized gold leads toward a similar destination. Our favorite tweet this week reveals the path to get there, covering everything to know about the leading tokenized gold projects, the differences between tokenized gold and gold ETFs, safety, and how it works.

INX.One

What’s Trending on INX Academy

INX Academy offers multiple articles and guides to help you better understand this evolving market and the wealth of opportunities it has to offer.

As Bitcoin Halving is just around the corner, here are three relevant pieces to get you all ready and fully up to date:

INXers on Telegram

INXers, our global INX community on Telegram, engage in lively discussions, recognize trends, share news, and debate critical issues. Each week, we gain insights into their perspectives and preferences through a weekly poll.

Poll of the Week:

What type of asset do you think is best suited for fractional ownership via security tokens?

INXers say:

  • Commodities (e.g Gold, Silver)
  • Venture Capital/Private Equity
  • Real Estate
  • Fine Art
  • Intellectual Property (e.g Patents, Copyrights)
  • Stocks/Equities
  • Rare Collectibles (e.g Vintage cars, Watches)

The vote is still ongoing.
Join our community on Telegram to cast your vote.

We have a busy week ahead.
Stay tuned for more updates!

The INX Digital Company INC April 15, 2024

The INX Digital Company inc. is an expert in the field of finance, crypto and digital securities.

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