Good Morning and Happy Monday from Cumberland APAC! BTC made an all-time-high late last week, and so far, it has seemed like the quietest ATH in recent memory for any major risk asset. BTC touched a peak of around 112k, surpassing its previous high of 109k, and over the weekend had a mild drawdown back to 107k before bouncing this morning. Even in crypto-native media, there hasn’t been a great deal of focus on BTC’s price action, with other assets, that have been trading choppier, getting more attention. The best explanation for BTC’s performance here is that we’ve just come through a rare period where both stocks and gold are working. February and March were months where equities suffered, driven by tariff discussions, and BTC was able to... 
