Crypto & Gold Jump As Dollar Dumps, Stocks & Bonds Rise

Aside from a disappointing stagflationary miss on ISM Manufacturing (and Buffett and Munger musings on inflation), the big headlines of today are in crypto where altcoins are screaming higher…

Last time Altcoin Market Cap turned its old 2014 highs into support…

It rallied +27,000% in over a year

Altcoin Market Cap has rallied +119% in 70 days since turning its old 2017 highs into support

This is just the beginning#Crypto #cryptocurrency pic.twitter.com/MKkuDjXKoD

— Rekt Capital (@rektcapital) May 3, 2021

It’s really escalating…

Ethereum has literally exploded to record-er and record-er highs in the last few days, surpassing $3,000 yesterday for the first time and above $3,300 today…

Bitcoin is also on the rise but less so, hovering around $56k…