Emily Nicole

We're definitely seeing a bit of recovery.

I mean, it went as low as 80,500 odd on Friday.

So going back up to about 87,000 today, that seems like a pretty good recovery for Bitcoin.

On the ETF front, we're not really going to know the data until the end of the day.

That's where we might see more of the institutional activity coming in.

But definitely those who trade over the weekend, those are the retail traders predominantly.

We're definitely seeing a bit more confidence coming back to the market.

It definitely feels very unstable.

When everything was happening in 2022, there were clear catalysts for why everything was down.

We had strings of bankruptcies, fraud scandals, you name it.

This time around, there isn't really that kind of catalyst.

We've seen some kind of weakness in the crypto market with the mass liquidations that were happening in early October.

That means that liquidity is kind of down.

So you would expect some more volatility in Bitcoin.

And then we've also had, you know, DATs, companies like Strategy that acquire lots of cryptocurrency and use that to propel their prices upwards.

Lots of those have been launching into the market and not doing very well.

And so there are various kind of things that you can point to, you know, even the instability in tech stocks in the last week that you can point to and say, maybe that's why Bitcoin is having this moment.

But because there's no clear catalyst, no clear sign of why there's something so unstable, nobody can really point to why it's having such a down month.

Is it also because we're at the end of the year?

There's always that potential.