Part 1/13:

Market Overview: Turbulence, Trends, and Developments

The State of the Market

The market has been experiencing a rough patch over the past few days. Despite the turbulence, key indicators suggest underlying strength, with crypto market capitalization holding steady around $2.6 trillion and a trading volume of approximately $130 billion—levels considered relatively high and indicative of active trading interest. Notably, ETF trading volumes, particularly on Fidelity and Grayscale, saw some intriguing shifts, with Fidelity's ETF volume surpassing Grayscale’s, hinting at evolving investor preferences.