Market Update - May 30, 2024

Miners hold the keys

Author

Mark Helfman
May 30, 2024

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As an English-language publication, it’s tempting to fixate on what’s going on in the US.

It's not a bad thing. The US has a quarter of the world’s wealth, the world's most important central bank, and control of the world’s reserve currency. What happens in the US matters for all asset classes, including crypto.

We also have a lot of crypto activity in countries where the other 95% of the world lives. While you can't dismiss the sentiment and news that comes to our feeds, it's good to look at on-chain data and other forms of “astrology” to see what’s really going on in the market.

Which brings us to today’s update. Today’s update covers these topics:

  • Video

  • They said everybody was buying . . .

  • Miners hold the keys

  • Why US politics is a big deal now

  • Bottom line

I strongly advise you to read the summary below and watch the video update! You miss too much when you get only one of them!

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