In this week’s newsletter:
- Macro dynamics remain a primary focus and driver for major crypto assets.
- Crypto retraces more of the March rally.
- Bitcoin’s price slipped back down Thursday near $43,500 after a strong week.
Read our weekly round up below.
Market Updates by Robert Lynch | Head of Research and Strategy
Robert Lynch – ALT 5 Sigma | April 8, 2022
Macro dynamics remain a primary focus and driver for major crypto assets. Markets continue to adjust to the combined effects of surging inflation, tightening monetary policy, war in Ukraine and China’s covid-related lockdowns.
Robert Lynch – ALT 5 Sigma | April 5-7, 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
Bitcoin 2022 | April 6 – 9 | Miami, FL
Cameron, Robert, Brian, Mary, Amel along with Marcus and Jason were at the Bitcoin2022 Conference in Miami, Florida this past week. New connections were made and hope to see you all next year and this thrilling and event packed conference.
Crypto News From Around The World
NextAdvisor | April 7, 2022
Bitcoin’s price slipped back down Thursday near $43,500 after a strong week. Last week, it had jumped above $45,000 for the first time since March 2. The upward trend persisted throughout last week, with Bitcoin’s price surpassing the $48,000 mark. In general, markets slid late Wednesday after hawkish comments from the U.S. Federal Reserve. Minutes from the Fed’s March meeting Wednesday showed its plan to shrink its balance sheet by $95 billion each month to combat inflation.ps.
BNN Bloomberg | April 6, 2022
A new study finds there’s a growing acceptance of cryptocurrency-related investments among Canadian institutional investors, but firms are showing restraint in how much they’re allocating towards those assets. Fifty-seven per cent of institutional investor respondents said they gained exposure to crypto-related assets between 2020 and 2021, according to the survey.
TipRanks | April 7, 2022
Cryptocurrency market sentiment is revisiting “fear” territory after the Federal Reserve telegraphed its intentions to raise interest rates and reduce the balance sheet faster. The revelations sent major crypto and altcoin prices tumbling below critical support levels, reversing recent bullish momentum.
Crypto Slate | April 8, 2022
Jack Mallers, founder of Zap, is bringing Bitcoin back to its roots with an announcement that his Lightning Network wallet, Strike, has partnered with Shopify, NCR, and Blackhawk Network. According to Mallers, any website that uses Shopify online card transactions can now process payments using Bitcoin’s Lightning Network. The partnership is live right now and a massive step toward the mass adoption of Bitcoin.
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.