All time highs have been passed for Bitcoin priced in Turkish Lira, Argentine peso, the Russian ruble, the Venezuelan bolivar, the Brazilian real, the Colombian peso, the Lebanese pound, the Sudanese pound, and several others.
Bitcoin held by Grayscale
Stablecoin free float
Silvergate’s Settlement Network transfers
Growth of crypto-native credit
I find realized market capitalization particularly interesting as a better measure of a coins worth than nominal market capitalization. Id be curious to know what bitcoin dominance is on the measure of realized capitalization.
This piece is written assuming little prior knowledge of Bitcoin. It's designed to be sent to journalists and folks with finance experience wondering why Bitcoin is rallying with apparently limited retail participation.