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NEWS
Bitcoin Just Couldn’t Break $100,000

It was a slower day in the equity market, with bulls continuing to press their bets into the slow holiday week. Meanwhile, everyone had Bitcoin’s price open in the background, anxiously awaiting the $100,000 milestone to be broken. As of writing this, prices have petered out $150 away from the level…leaving us all sleeping with one eye open this weekend. 👀

Today's issue covers Bitcoin breaking bulls and bears’ hearts, noteworthy pops and drops, and the latest “Weekend Rip With Ben & Emil.” 📰

Here’s the S&P 500 heatmap. 9 of 11 sectors closed green, with consumer discretionary (+1.43%) leading and utilities (-0.55%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $QMCO, $REPL, $CPRT, $QBTS, $MTC 📉 $ROST, $DE, $LAZR, $AMIX, $BTDR*

*If you’re a business and want to access this data via our API, email us.

CRYPTO
What A Letdown… 😐️ 

Those hoping for fireworks from Bitcoin were left disappointed over the last few days, but altcoin traders are having an absolute blast. Cardano, Stellar Lumens, Avalanche, Internet Computer, Hedera Hash, Ripple, you name it, it’s trending on Stocktwits. 😵‍💫 

Meanwhile, under the surface, crypto-linked equities continued their recent run. Bitcoin miners finally caught a meaningful bid, while MicroStrategy copycats like Semler Scientific cooled off following a rapid advance over the last few days.

Outside of the crypto space, Quantum Computing stocks have caught fire. Amazon Web Services announced Quantum Embark, a new program designed to accelerate customer readiness for the quantum era. Our “Chart Art” newsletter outlines some of these movers and how the Stocktwits community is playing them. 🧐 

Despite some rabid speculative behavior, equity markets acted as they should in a bull market. The equal-weight S&P 500 ($RSP) made a new all-time high, showing continued breadth and participation from various sectors and industries. 📈 

When Bitcoin finally cracks its latest ceiling, many expect the bull run across risk assets to continue. With markets heading into a lower-volume Thanksgiving week, animal spirits could really take hold. And based on the price action lately, it certainly seems like the bulls are betting on that happening. Time will tell.

P.S. If you want an expert breakdown of the biggest trends in the crypto market right now, be sure to subscribe to our Litepaper Newsletter. 📰 

SPONSORED
Do you know about the Bitcoin Mini?

Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. Investing involves significant risk, including possible loss of principal. An investment in BTC is subject to a high degree of risk and heightened volatility. Digital assets are not suitable for an investor that cannot afford the loss of the entire investment. An investment in BTC is not an investment in Bitcoin.

Grayscale Bitcoin Mini Trust ETF aka the Bitcoin Mini (fund ticker: BTC) is the most cost-effective way to gain exposure to Bitcoin directly through your existing brokerage or retirement account (it has the lowest fee* of all spot Bitcoin funds in the market). Invest the same way you would invest in any other stock or ETF (though, brokerage fees may still apply). That’s right —you don’t need a separate crypto wallet or account on a crypto exchange!

Simply search ‘BTC’ on your preferred trading platform, or click here to learn more.

Grayscale is a crypto-focused asset manager and has been offering exposure to crypto through investment products for over a decade.

^3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.  *Low fee based on gross expense ratio at .15%.