The biggest crypto drivers were the top four cryptocurrencies — Bitcoin, Ethereum, Binance Coin, and Solana.
Bitcoin and Ether have also been gaining traction as inflation-hedge trades, supporting the current rally higher.
“Bitcoin is trading slightly higher for a handful of reasons that include increased demand for inflation hedges, a much more friendly environment from New York City, and continued retail and institutional interest with new products,” said OANDA senior market analyst Edward Moya.
If the goal is diversification, an alternate strategy to consider is converting the $TSLA balance sheet to a #Bitcoin Standard and purchasing $25 billion in $BTC.