The decoupling has begun.

Due to renewed “fears” of the new Covid variant in the traditional stock market, the DOW and other stock markets have seen yet another dip today in prices across the board. All the while, crypto assets ignore the beating of the stock market drum and are surging. Money is fleeing the stock market and fiat currencies in favor of crypto.

This comes along the heels of other news that inflation of fiat currencies in Europe and other parts of the world is putting most every day citizens in a tough spot financially. Do you leave your money in the stock market? No. Do you leave it in your savings account? No. Why would you watch your money devalue at 6-12% annually in a bank account when you can take part in the most innovative technological revolution of crypto assets. Bitcoin has out performed other assets in terms of ROI heavily.

Ethereum’s announcement of a new ETF may just send ETH to the moon.

Last night and into the early morning hours, Bitcoin and other crypto currencies tested their resistance levels and broke trend to the upward side. Party. On.

TL;DR – Stock market down, crypto market up. Ethereum ETF announcement. Hookers and blow.