First Day Out

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Trading has started on a dozen Bitcoin-based ETFs, and the crypto world has become nauseatingly giddy and, in most cases, sanctimonious. BTC is trading roughly where it was when the fake announcement went out on Tuesday and, as before, we are rammed right up against the tippity-top of the rainbow.

Not to suggest that I’ve been a crypto bear. Indeed, a couple of weeks ago I did a post called “Ethereum Ready to Fly”, and fly it has.

I do believe; however, an important top is at hand for crypto overall.