Take a look at what's going on in the news this morning.

Our first story, Bitcoin, dipped below fair value for the first time in two years.

The largest cryptocurrency by market cap briefly slipped below its value based on the Metcalf value modeling.

According to an economist, this is typically a signal that marks the late stages of market resets.

Historically, periods when Bitcoin trades below its Metcalf value have delivered strong forward returns.

12-month performance in these conditions have been positive 96% of the time, with an average gain of 132%.

Moving on to our second story, Bitcoin is above $93,000 this morning. The rebound on Tuesday

drove a surge in trading volume for crypto-linked ETFs like BlackRock's iBit, making Ibit

among the most traded ETFs.

Ibit saw around $3.7 billion in trading volume on Tuesday,

surpassing the S&P 500 ETF from Vanguard, which recorded $3.28 billion.

This puts BlackRock's Bitcoin Fund in rare company alongside some of the most liquid

and widely held ETFs in the market.

And lastly, prediction market CalShe has closed its $1 billion financing round,

which has pushed its valuation to around $11 billion.

The round was led by Paradigm with participation from Sequoia Capital and Capital

G Alphabet's growth equity arm.

And according to Axios, CNN has struck a partnership with the prediction market company to bring CalShe's data to its journalism.

Those are your top three news stories for the morning.