🥛 Crypto bounced: Here's why 🤔

GM. This is Milk Road, the crypto newsletter written in Plain Jane English (so you can get smarter about crypto, without your eyes glazing over).

Here’s what we got for you today:

✍️ Are we recovering?
✍️ Top 5 crypto sectors (30D)
🎙️ The Milk Road Show: Is Bitcoin’s Bounce a Bull Trap… or the Start of a Real Recovery? w/ Fefe
🍪 Buy now, pay later (with stablecoins)

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Prices as of 2:00 PM ET. Trade today with Milk Road Swap.

ARE WE RECOVERING? 🤔

We just checked CoinGecko and let out a tiny, yet hesitant cheer.

After what has felt like a bloody, multi-month trend of down-only, we're finally seeing a little bit of green creep back into the charts.

Now, it’s nothing to write home about just yet… regardless – we’ll take it!

Here’s what’s happening:

SOL is up ~6%.
ETH is trying to keep pace, up ~4%.
The big one: we officially reclaimed the $3T total crypto market cap.

Source: Coingecko

So why are our collective portfolios suddenly looking a little less sad?

It isn’t a sudden whale move or a new celebrity shill. It’s boring, beautiful macroeconomics:

Rising rate cut odds.

(That, and everyone that was thinking of selling has likely done so at this point).

4 days ago we had a 76% chance of no cut in December. Today, we have an 86% chance of a 0.25% cut. That’s a solid reversal!

Source: Polymarket

If this happens:

Loans become cheaper to access/service → more loans are taken
Less is spent on repayments → there’s more money in people’s pockets
As a result, more money enters the economy (and assets, like crypto)

But before you start bidding on that movie-quality replica light saber (just me? Cool, cool, cool), lemme make one thing clear: We. Are. Not. Back. Yet.

For us to even begin to enter “... are we back?” territory – we want to see the classic rotation pattern form.

Because fresh capital usually moves first into BTC → then ETH → then alts.

But when money skips straight to alts, we typically see a drop in BTC dominance (which measures the market share of Bitcoin in the overall cryptocurrency sector)…

And that’s usually just a short-term move (and it’s what we're seeing right now). 👇

Source: TradingView

A steady rise in BTC dominance = the market rebuilding its base before the next real leg up.

That’s what we’re looking out for.

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THE TOP 5 PERFORMING SECTORS OVER 30 DAYS 📈

It's time for our monthly check-up on the top 5 crypto sectors!

Brace yourself – it’s a mixed bag this month. Only one sector finished in the green.

Here’s what the leaderboard looks like over the past 30 days:

Source: Artemis

1/ Privacy (+31%) 🔒

No real surprise here: privacy coins continued to crush it this past 30 days.

We feel the same way about privacy coins as we do about Cotton Eyed Joe: we don’t know where the trend came from, and we don’t know where it’s going.

But hey – we’re just glad that:

A) We had an opportunity to make a Cotton Eyed Joe reference, and… B) At least one sector is notching gains this month.

Here’s who’s leading the charge:

Source: Artemis

2/ Social (-0.3%) 🤳

The losses are almost exactly balancing out the wins here – which is pretty impressive considering the market’s current mood.

Here’s who’s doing the heavy lifting and who’s dragging their feet:

Source: Artemis

3/ File Storage (-3.9%) 💾

File Storage is telling a similar story to the Social sector: We’re in the red, but just barely.

Here’s who’s leading the effort:

Source: Artemis

4/ DePIN (-16.2%) 📌

This is a rough spot to be in – you hit the Top 5 performing sectors, but are down 16%?

Ooof!

Here are the top 3 projects of the DePIN sector:

Source: Artemis

5/ Exchange Tokens (-21.3%) 🤝

You thought DePIN was struggling? (Exchange tokens – hold DePIN’s beer…)

The story we’re seeing here? One where a few little-known tokens are skewing the overall sector performance data.

Source: Artemis

In summary: Yikes!

I need a stiff drink (and a bag of Privacy Coins) right about now.

MARKETS ARE ON SALE (AND SO ARE WE) 🏷️

While CT is panicking over red candles, we’re heads down building. Why? Because the data suggests the opportunity has only gotten better. The global AI arms race is forcing governments to spend trillions, and that means one thing: fresh liquidity flowing into scarce assets.

This is exactly why we’re launching Milk Road AI PRO in a few weeks. To help you capitalize on one of the biggest secular trends of our lifetimes. And this week only, you can lock it in at a 40% discount. 🤝

Until next Monday at midnight, PRO All Access is 40% off. This includes Crypto, Macro and (soon) AI PRO, as well as access to our personal portfolio, market pulse updates, live AMAs across all three verticals, and VIP discord access.

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