
Digital Assets Morning Call: July 5, 2022
Shifting economic narrative an important input for crypto markets Concerns about economic growth becoming more prominent… …reflected in the dramatic decline in market interest rates
Shifting economic narrative an important input for crypto markets Concerns about economic growth becoming more prominent… …reflected in the dramatic decline in market interest rates
Renewed crypto token slippage alongside less helpful news flow Bitcoin and Ether decline leaves them in closer proximity to recent lows Crypto hedge fund reportedly
US recession forecasts may need to be brought forward Modest slippage leaves major crypto tokens in recent range Eurozone inflation mixed but keeps ECB tightening
Crypto and traditional finance on the same platform? Press reports indicate FTX may buy Robinhood SEC Chair Gensler comments on crypto security/commodity designation Tether responds
Bitcoin and Ether hold up despite negative news flow Crypto token prices extend stability into the new week Negative news flow continues… …but crypto token
Tentative stability in bitcoin and ether; a weaker outlook for global economic growth Price action in bitcoin and ether stabilizes, but does not induce confidence
Stepping up to address crypto lending stresses Macro conditions remain difficult but are now better reflected in lower crypto token prices FTX credit facility to
Recovery from weekend cycle lows comes with caveats Crypto token bounce is a relief But the overall backdrop remains guarded A new short bitcoin ETF
Near-term crypto focus remains on macro forces and crypto lending Inflation, central banks and growth risks remain key themes for crypto market New macro adjustments
Locked collateral and margin calls add to selling pressure in crypto Ether underperforms given its use in defi protocols Crypto market capitalization drops below $1