Week in review: April 29, 2022 – Views on bitcoin volatility decline, US dollar gains

Written by Robby Ramos
on May 2, 2022
Week in review: April 29 2022 - Views on bitcoin volatility decline

In this week’s newsletter:

  • US dollar rises to multi-year highs, presenting risks to crypto assets.
  • Fidelity could face regulatory challenges in plan to offer crypto in 401K plans.
  • US equities and crypto assets remain pressured by turn in Fed policy.
  • The crypto market awaits next week’s Fed meeting.

Read our weekly round up below.

Market Updates by Robert Lynch | Head of Research and Strategy

Market Update: Views on Bitcoin Volatility Decline, US Dollar Gains, and the Coming Week’s Key Events

Robert Lynch – ALT 5 Sigma | April 29, 2022
Major crypto assets continue to consolidate around the fairly narrow ranges established in recent weeks and the somewhat broader ranges extending back to the beginning of this year. The sideways price action has seen volatility drop to the lowest levels since late-2020.

Read Robert’s reports here.

ALT 5 – Digital Assets Morning Call

Robert Lynch – ALT 5 Sigma | April 25-28, 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.

Read all this weeks articles here.

Crypto News From Around The World

The Crypto Market Awaits Next Week’s Fed Meeting

Barron’s | April 29, 2022
Bitcoin and other cryptocurrencies were weaker Friday as digital assets continued to trade in a fairly tight range, with market participants looking ahead to next week’s meeting of the Federal Reserve as a point of uncertainty.

Bitcoin, Ethereum Technical Analysis: Crypto Uncertainty Continues, as BTC Drops Again

Bitcoin.com April 29, 2022
Crypto prices continued to seesaw on Friday, as both bitcoin and ethereum fell into the red, after a short lived rally on Thursday. Bitcoin was once again below $40,000 during the session, while ethereum extended its recent spell of trading below $3,000.

Fidelity is Offering 401(k) Investors Access to Bitcoin, The First Retirement Plan Provider To Do So

CNBC | April 26, 2022
Fidelity Investments said Tuesday it will offer investors the option to put bitcoin in their 401(k)s, making it the first provider to offer crypto for retirement savings.

Bitcoin Moving To Greener Pastures? 60% Of Mining Is Now Sustainable

CryptoDaily | April 27, 2022
Bitcoin is finally moving away from what many consider its Achilles heel, its reliance on non-renewable sources of energy. According to the Bitcoin Mining Council’s latest quarterly survey, the bitcoin mining industry is increasing its dependence on electricity from sustainable sources, significantly reducing its dependence on non-renewables.

ALT 5 Sigma – Next-Generation Blockchain Powered Financial Platforms

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Click the links above to learn more about how ALT 5’s suite of crypto products can help your business.

Robby Ramos

Robby Ramos

Director of Digital Marketing | Bridging the gap between digital assets and financial institutions.