
Digital Assets Morning Call: June 9, 2022
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
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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
Ether underperforms bitcoin Macro focus shifts from inflation to growth Push back against US Labor Department guidance on crypto in 401k plans The relative stasis
Industry developments highlight continued growth and demand for crypto Short-term pullback in major crypto tokens keeps them within broader consolidation pattern Chipotle will begin accepting
Crypto industry investment plans highlighted Binance launches venture capital fund Fidelity Digital Assets plans to double headcount The announcements follow comments from FTX and Ripple
Bitcoin and Ether rally; macro backdrop shows some signs of improving Bitcoin and ether register sizeable gains from last week’s lows Macro stresses may be
Bitcoin and Ether chart points; China focus; Fed official on stablecoins Limited drivers put charts/technicals in greater focus for major crypto tokens China officials acknowledge
Fund raising in crypto continues; signals from US yield decline A major crypto investor $4.5 bln for a new fund Lower long-term US yields could