Over night, bitcoin continued reaching new all-time highs hitting $23,441 before easing back. The overnight crypto charts are a sea of green of with the exception of USD pegged tokens.
The recent positive news cycle, likely approval of a new stimulus resulting in nearly 1 trillion freshly minted US dollars and a healthy dose of FOMO all provided a tailwind for the crypto markets.
Gold was also positive, reinforcing the idea that bitcoin serves as a digital proxy for gold.
Be careful out there!