In this week’s newsletter:
- Crypto prices pull back again after Fed officials suggest even more aggressive tightening.
- Crypto investors reaped large gains last year.
- Australia moves ahead with spot crypto exchange traded products.
- Miami looking to become a crypto hub.
Read our weekly round up below.
Market Updates by Robert Lynch | Head of Research and Strategy
Robert Lynch – ALT 5 Sigma | April 22, 2022
Major crypto assets continue their recent consolidation and while there were signs that prices could begin to rise more substantially, that opportunity diminished by week’s end as renewed gains in US and global yields pressured crypto currencies and risk assets more broadly.
Robert Lynch – ALT 5 Sigma | April 18-21, 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.
Crypto News From Around The World
CNBC | April 20, 2022
Mayor Francis Suarez of Miami is selling his city as the world’s cryptocurrency capital. “We want to be on the next wave of innovation,” he told DealBook.
To make that happen, Mr. Suarez said he was “refashioning” the city’s “fun in the sun” image.
Bitcoin.com | April 22, 2022
After a strong rebound in prices mid-week, the world’s largest cryptocurrency was trading lower on Friday, as BTC fell to its support level. Following a peak of $42,699.87 during Thursday’s session, BTC/USD fell to an intraday low of $40,063.83 earlier today. This was marginally below the long-term floor of $40,100 for bitcoin, and comes as prices failed to break out of yesterday’s resistance at $42,700.
TipRanks | April 21, 2022
Following the previous week’s bloodbath, high capitalization tokens are quickly recovering from earlier losses. At the same time, several altcoins have registered enormous gains, pushing the aggregate crypto market capitalization closer to the $2 trillion mark.e fear” territory.
MarketWatch | April 22, 2022
Central banks could close the digital financial divide and drive innovation by issuing well-designed digital currencies. According to the World Bank, 1.7 billion adults world-wide are unbanked. With no access to services from the formal financial sector, they are forced to resort to alternatives, often at significant cost or risk.reak.
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