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Major breakout in $BTC today, hitting new 52-week high of $44k. $ETH following and $TOTAL3 on the verge of a breakout. I'm staying bullish on $ETH but rolling part of position into $QNT to increase a position. Keeping other allocations intact.

$BTC is grinding higher once more.

Alts are lagging today, but no reason to panic, they will follow the king and they will increase in price faster. Trend is still up.

$ETH is consolidating above the previous resistance at 2.1k that is now turning into support. History is on its way to rhyme and the first few months of 2024 could be very good for $ETH .

Brazil's largest bank, Itaú Unibanco, has made a decisive entry into the crypto space by introducing trading services for $BTC and $ETH. This move is not just a leap for Itaú but a significant indicator of traditional financial institutions acknowledging the potential and demand for cryptocurrency.

Itaú's approach, including custody services but not allowing external wallet transactions initially, reflects a cautious yet strategic entry into the crypto market. The bank's reliance on its robust balance sheet for security reassures investors and showcases the evolving synergy between traditional banking and digital assets.

In the broader market, $BTC performance has been remarkable, especially in its decoupling from traditional asset classes. Currently standing at $41,580.88, Bitcoin's resilience amidst a global market retreat highlights its potential as a distinct investment vehicle. This trend is further emphasized by the diminishing correlation coefficients with global shares and gold, suggesting an emerging independent trajectory for cryptocurrencies.

This divergence is also mirrored in the US stock market, where mega-cap tech stocks have experienced a downturn, while $BTC reaches its highest level since April 2022. This contrast in performance underscores the unique factors driving the crypto market, independent of traditional market sentiments.

Looking ahead, the anticipation surrounding the US's approval of its first spot Bitcoin ETFs adds to the positive sentiment. This, coupled with the potential for dialogue with regulators, indicates a maturing market that is increasingly integrating into the mainstream financial ecosystem.

$ETH topped $2,000 Amidst Positive Market Developments for the first time since April. This price surge is fueled by BlackRock's initial steps toward filing for a spot ether ETF. The registration of an iShares Ethereum Trust adds to the positive sentiment, mirroring the previous filing for a $BTC ETF by BlackRock. While Bitcoin experiences a pullback from $38,400, the overall market is buoyed by the prospect of ETF approvals, contributing to short liquidations and crypto prices rising.

When it comes to our structure, we rebalanced Blockchain Index on Friday. $IMX was listed on Iconomi, and it falls under our index parameters. We added it with a position of 0.35%. 

$MKR , $AAVE and $INJ fell out of our parameters, and have been removed from the structure. 

The rest of our structure stays the same with minor adjustments to weights. $BTC and $ETH positions remain the same at 40$ and 30% respectively. The biggest weight rebalance is $BNB with a -0.42% change. Its current weight is 6.93%

Over the weekend, we saw good increases all across the board. We will keep our current structure and rebalance at the start of the next year, keeping true to our schedule and structure.

we are still early with the altcoins.

for the moment, $BTC did not finished his runs, $ETH did not started his run and altcoins are like a vulcan that is waiting to erupt!

you can enjoy to my strategy here:

https://www.iconomi.com/asset/CRYPTOALLIEN