In this week’s newsletter:
- Major crypto assets attempt to stabilize along with equities and bond yields.
- Major crypto assets retain defensive bias following recent pullback.
- Bitcoin traded below $41,000 as an increase in bond yields weighed on the world’s largest cryptocurrency.
Read our weekly round up below.
Market Updates by Robert Lynch | Head of Research and Strategy
Robert Lynch – ALT 5 Sigma | April 14, 2022
Major crypto assets attempt to stabilize along with equities and bond yields. Macro factors continue to dominate crypto trading. Covid lockdowns pressure China’s economy; look for a policy response
Robert Lynch – ALT 5 Sigma | April 11-13, 2022
The Digital Assets Morning Call is a new segment by Robert Lynch, the Head of Research and Strategy at ALT 5 Sigma. This is a brief rundown of the latest developments impacting digital assets through a macro lens.
ALT 5 News
Crypto News From Around The World
MarketWatch | April 15, 2022
Bitcoin traded below $41,000 as an increase in bond yields weighed on the world’s largest cryptocurrency. Bitcoin has fallen 2.1% over the past 24 hours to $40,150, and has declined 13% this year. Smaller peer ether has declined 2% over the past 24 hours to $3,022. The token underpinning the Ethereum blockchain had topped $3,500 early last week.
Forbes | April 13, 2022
Five years ago, BlackRock’s chairman Larry Fink famously called bitcoin an “index of money laundering.” In the years since, the world’s largest asset manager, tending some $10 trillion in client funds, has largely stayed away from digital assets. So when Fink wrote in his annual letter to shareholders, published in late March, that the havoc caused by Russia’s invasion of Ukraine could accelerate the adoption of digital currencies, many interpreted it as a sign that the financial behemoth is finally warming up to crypto.
TipRanks | April 14, 2022
The previous week’s rally across the crypto universe came to a sudden halt, sending tokens into a downward spiral. This week, the aggregate crypto market capitalization dropped back below the $2-trillion mark, with sentiment looming in “extreme fear” territory.
Bitcoin.com | April 15, 2022
Ethereum continues to trade close to its support level of $3,000 on Good Friday, as some financial markets were closed for the holiday weekend. Volatility has slightly eased as a result, with BTC also hovering near its floor around $40,000 during today’s session. Bitcoin was trading lower during Friday’s session, as volatility in crypto markets somewhat eased as a result of the Easter break.
ALT 5 Sigma | March 4, 2022
ALT 5 Sigma has launched their new website with a new and professional look. ALT 5 offers 4 core product offerings that will elevate your business.
Click the links above to learn more about how ALT 5’s suite of crypto products can help your business.