
Digital Assets Morning Call: June 21, 2022
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
The Digital Assets (DA) Morning call is a brief rundown of the latest developments impacting digital assets through a macro lens.
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
Latest string of central bank tightening keeps crypto token prices under pressure Fed and several other central banks tighten policy Global central bank liquidity drain
Major crypto token prices remain under pressure Effects of Celsius “pause” on withdrawals reverberate through the market Growth risks of monetary policy tightening already showing
Dissecting the cascading effects of higher inflation The latest turn in the macro outlook continues to pressure crypto token prices A higher inflation, weaker growth
Watershed weekend for crypto tokens The fallout from higher US inflation continues The combination of high inflation and more Fed tightening heightens risks to economic
Crypto token technicals take more focus; Central bank tightening continues Charts get more attention in markets that lack fundamental drivers Ether underperformance keeps ether/bitcoin cross
Venture funds demonstrate continued interest in crypto; central bank tightening picks up Crypto focused venture funds continue to launch Central bank policy tightening picks up
Higher US yields pressure crypto; US legislation on crypto regulation US yields are back on the rise, creating headwinds for crypto token prices The US
China developments aid risk appetite and major crypto assets China developments on covid, tariffs and tech aid an improvement in risk appetite Major crypto assets