Dan Cecilia joined Liz Dierking and Jenny Andrews to break down recent crypto market activity. Bitcoin recovered from its dip below $110K to approximately $114K, following what Dan described as a "leverage longs washout" during the previous week's volatility.

Dan highlighted an interesting divergence between Bitcoin and gold over the past three months, with gold up 14% while Bitcoin fell 4.5%. Despite both assets being viewed as stores of value, their performance has diverged significantly, potentially setting up a "catch-up trade" for Bitcoin.

The discussion explored Bitcoin's decreased volatility, with Bitcoin's VIX equivalent trending downward throughout the year. Dan attributed this to dampening effects from Bitcoin ETFs and institutional buyers like MicroStrategy.

For potential trades, Dan recommended looking at XRP (Ripple) and LINK (Chainlink), noting these could be attractive entry points following recent dips.