Good ✅️

Trader Dex Hawthorne – Crypto Thread

0/ Big policy shift from Trump → 401(k) can now hold Bitcoin & other alts. 🚀
Is this the next wave of crypto capital inflows… or just a short-term pop? Let’s dig in 👇

1/ BTC breaks out of 110k–115k range for the first time since late July.
Lifted by Trump’s order to allow alternative assets in retirement plans.
More doors open for capital inflow — but rally still cautious.

2/ Why cautious?

Spot BTC ETFs see 4 straight days of outflows

Risk sentiment hit by Trump’s new tariffs

BTC still far from intraday highs

3/ Alts lead the move

ETH +2% → $3,910, within reach of $4k ATH from 2021

XRP +8.4% → $3.32, boosted by settlement with SEC

SOL +2.6%, ADA +3%

4/ XRP’s legal cloud clearing
Ripple & SEC end their long fight
Trump shifts crypto oversight to the CFTC, appoints pro-crypto officials to SEC

5/ Institutions still stacking sats
Jack Dorsey’s Block adds 108 BTC in Q2 → now holds 8,692 BTC
Q2 revenue +1.5% QoQ, BTC sales via Cash App = $2.14B

6/ Meme corner
DOGE +4.1%
$TRUMP +2.3%

7/ The read:
Policy tailwind is real.
Alts have momentum.
But macro headwinds + ETF outflows = choppy path ahead.

Trade bias: Favor selective alt strength over chasing BTC here — unless ETF flows flip positive.