There's plenty of crypto chatter at this year's wef in Davos. LyllahLedesma reports in this morning's First Mover Americas.
Altcoins mostly lost ground overnight with Fantom’s FTM marking the biggest loss amongst the top 20 coins. Over the last 24 hours FTM is down 13.7%.
In traditional markets, stocks and futures declined. Dow Jones futures dropped 0.6%, while S&P 500 futures lost 1%. The U.S. dollar was little changed. The euro rose to a one-month high after European Central Bank President Christine Lagarde said interest rates in the eurozone will likely be in positive territory by the end of the third quarter.
The model considers BTC's circulating supply against its expected production of new supply to get a stock-to-flow ratio; a high ratio implies that a commodity is growing increasingly scarce and is more valuable.
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