Today, following January’s CPI print of 7.5%, the largest increase since 1982, Bitcoin initially moved lower with risk assets before de-coupling and moving higher, suggesting investors increasingly see Bitcoin as a hedge against inflation.
Bitcoin’s so-called “Mayer Multiple,” a quantitative metric of fair value, suggests that a bottom may have solidified at $35k (see quantitative section).

Bitcoin’s relative strength index, a metric for determining whether an asset is oversold or undersold, has recovered rapidly after bottoming out in late January.

The IRS has proposed tax exemptions on unsold tokens of a Nashville couple which could set the groundwork for proof-of-stake, crypto mining, staked assets, and DeFi taxation.