Part 11/14:
Despite positive signs, challenges persist. January 2024 saw Bitcoin’s monthly returns down by 7%, a red flag based on historical precedents indicating volatile trends in the early-year period. The Fear and Greed Index remains at a neutral 50, suggesting mixed investor sentiment.
Grayscale discounts have narrowed slightly to 0.25%, but Ethereum’s ETF discount remains around 15%. Bitcoin’s recent price dips, combined with negative flows from large funds, suggest continued volatility ahead.
Shipping disruptions due to geopolitical tensions in the Red Sea have caused a 25% spike in container shipping costs—adding inflationary pressure to global supply chains. This could translate into higher prices for goods and services in coming months.