Bitcoin and traditional financial assets have factored in some amount of risk Bitcoin’s drawdown from the November high is near those of other major pullbacks of recent years Economic and geopolitical risks remain, but markets have factored in some degree

Major crypto tokens constructive price action; FTX keeps purse strings open Bitcoin and Ether constructive price action aided by improvement in risk assets Outlook for the economy and corporate earnings will remain important for crypto Sam Bankman-Fried keeps door open

US dollar gains concur with Bitcoin’s struggles Ongoing shifts in the global macro outlook are generating significant moves in fiat currencies Weaker global growth and Eurozone-specific issues have worked to the US dollar’s advantage It is probably no accident that

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 The change in the economic outlook is important for crypto and has mixed implications More

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 in liquidation Grayscale Bitcoin Trust application to convert to ETF is denied by SEC MicroStrategy

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 expectations intact Is the US already in a recession? Markets have already discounted a lot

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 to reports of speculative shorts Press reports continue to discuss the possibility that FTX is

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 prices are showing some resilience On the charts: A relatively quiet weekend and start to

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 Slower US and Eurozone growth outlook and the crypto fallout Fund raising in crypto space