Apple CEO’s crypto investment

After reaching a new high, the BTC price dropped slightly to around USD 66,000. After that, BTC bounced back towards $ 68,800. As BTC corrects, altcoins are also moving down a bit.

The on-chain data has not changed significantly with the previous update. BTC and ETH are still being withdrawn from the exchange more than the amount deposited. BTC’s profitability rate is over 98.7%.

One of the on-chain metrics that many analysts rely on to identify newcomers to the market is the Korea Premium Index. This index reflects the BTC price difference on Korean exchanges compared to international exchanges. This index is currently still at a low level and there are no newcomers in sight. BTC hit a new high, but not really hot yet.

Google Trends data on BTC-related searches has been low since peaking in 2017.

Another stock on CryptoQuant above the Bitcoin Hodl Waves chart shows the same thing.

In the graph above, the hot color area (red, orange, …) has a black circle showing that the percentage of BTC held for the short term is still at a much lower level than the high in 2017 and 2013. Not a lot has just entered the market so BTC stocks are not high in the short term.

Coinbase crypto exchange says it wants users to be able to trade Bitcoin ETFs directly on their platform. Coinbase announced its third quarterly report with many notable metrics.

According to the report, ETH’s transaction volume ratio has exceeded that of Bitcoin over the past 2 and 3 quarters.

After its big brother BTC, ETH is the second coin that is very attractive and attracts investors. According to Coinshare’s statistics, of the total of $ 174 million poured into crypto last week, BTC is still the most widely considered. Next up are ETH, Tron, SOL, DOT, ADA, XRP. Last week, Tron received a sharp surge in investment from these mutual funds.

Apple CEO holds crypto

The big news of the day came when Apple CEO Tim Cook announced that he was investing in crypto. Tim Cook shared in an interview with NYT’s DealBook during the Summit Online event that he is investing in crypto to diversify his portfolio. Its crypto portfolio includes both BTC and ETH.

However, he also said that Apple currently has no plans to invest in crypto. However, his company is considering integrating crypto payments with its Apple Pay app.

With large investors like Tim Cook, they will look for returns and security when investing. They often invest in a wide variety of assets in order to diversify and reduce risk. At the same time, there are also better chances of winning.

In the S&P 500 industry subgroup, companies are divided into 11 different industry groups. Many big investors are predicting that there will be a new industry group that is crypto in the near future. When the Securities and Exchange Commission recognizes crypto as an industry that will attract huge investment from the market.

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