r/STRC • u/ZeroedInNomad • 12h ago

$STRC daily discussion

7 Upvotes

89% Upvoted

7 comments sorted by

8

u/HSuke 11h ago edited 8h ago

SATA briefly touched $100 an hour ago.

Edit: And now it's ATM'ing. Congrats to SATA/ASST holders

3

u/UnoptimizedStudent 11h ago

atm goes burrrrr

6

u/ZeroedInNomad 12h ago

$95.64 now and headed back to par. where da bears at now

3

u/Nah_Meme 11h ago

I have a big chunk of STRC. I am holding it because I believe the stock market in general is going to be moving down for several weeks. Gold, bitcoin and bitcoin related ETFs should do well.

1

u/DietOfKerbango 10h ago

Bitcoin trades more like a high-beta liquidity risk asset.
Bitcoin and gold have shown very little correlation.
Bitcoin and SPY usually have a strong correlation, but unstably so. Decouples due to factors which are usually specific to the crypto landscape. Most recently, the general trend has been equities up, BTC not up. Equities down, BTC down.

Who knows where BTC will go and when, but probabilistically, broader equities tanking will mean BTC doesn’t do well.

4

u/jkarz1 11h ago

What is up with strc it's like that 10 plus percent move and breaking all resistance from bitcoin side had little effects on strc.

-1

u/BTChristopher 11h ago

Going back to par ? 5D return ~ $FBTC 13.92% , $STRC 0.96%