Bitcoin's surge boosts Robinhood, Coinbase, & other crypto stocks: AlphaSpace check

Bitcoin's surge boosts Robinhood, Coinbase, & other crypto stocks: AlphaSpace check

I just want to take you straight into Alpha space, which is our platform, um where you can use all kinds of tools and track things. And I want to first look at what's has been going on uh with Bitcoin over the past week. That is the upper left chart that you're seeing here. So it's above 77,000. It has had a weekly gain of well north of 20 uh 20% and that's the best week we've seen in about three years. This is the the a weekly chart of Bitcoin and you can see the the breakout if you look at the year to date

uh this is just a simple moving average, this line here and we've seen a breakout way above that. Uh it's been a number of different things that have been going on this week. It's been the activity in the bond market and the so-called debasement trade that's driven it higher. There's a little bit of optimism creeping back in on the clarity act being considered and we have seen not just if you look at the bottom of bottom here, it hasn't just been Bitcoin. We have been seeing a lot of the other cryptocurrencies, Ethereum for example,

um and Ripple, all of them have been rallying, but of course that also uh has extended as it tends to to what's gone on with crypto stocks as well. So here's what's gone on or here's what's going on today, I should say in a lot of those uh cryptocurrencies themselves. Um and then if you look at the crypto stocks, this is the weekly move in the crypto stocks. So you have here uh something like a Mara which um is is one of the miners traditionally. You have um strategy aka Micro strategy

that is up on the week more than 20%, a big rebound there. Coinbase up more than 20% too, uh Riot, so a lot of these have been rallying. Robin Hood has been participating in this rally as well, as well as the Bitcoin and Ethereum prices themselves. So it's been a fairly extraordinary week and there is now discussion within the crypto community about whether there has been a bottom. You too can access all of those professional grade tools by scanning the QR code on your screen.

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