Week in review: July 22 2022

Written by Robby Ramos
on July 25, 2022
Week in review: July 22 2022 - Recent Crypto Gains Viewed in Short and Medium-term Perspectives

In this week’s newsletter:

Read our weekly round up below.

Market Updates by Robert Lynch | Head of Research and Strategy

Market Update: Recent Crypto Gains Viewed in Short and Medium-term Perspectives

Robert Lynch – ALT 5 Sigma | July 22, 2022
Major crypto tokens have recovered ground in the past week-plus, an important development which comes despite continued—and in some cases increasing—stresses in the global macro backdrop. We see opportunity for Bitcoin (BTC) and Ether (ETH) to build on recent gains in the short -term, but market dynamics and the macro outlook could well present more formidable headwinds to Bitcoin and Ether at higher levels.

Read Robert’s reports here.

ALT 5 – Digital Assets Morning Call

Robert Lynch – ALT 5 Sigma | July 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.

Read all this weeks articles here.

Crypto News From Around The World

Bitcoin Tops $24,000 as Hopes of Softer Fed Action Fuel Crypto Relief Rally

CNBC July 20, 2022
Bitcoin broke the $24,000 threshold for the first time in more than a month, as hopes of a rate hike less aggressive than feared from the Federal Reserve triggered a relief rally in cryptocurrencies.
The world’s biggest cryptocurrency surged as high as $24,047 Wednesday, up more than 8% in 24 hours and trading at levels not seen since mid-June, according to Coin Metrics data.

Grayscale: Bitcoin Could See Another 5-6 Months of Downward or Sideways Price Movement

Bitcoin.com | July 20, 2022
Grayscale Investments has explained that there may be another 250 days of the current bearish crypto market, citing patterns in previous cycles. In addition, “Bitcoin is 222 days off the all-time high, which means we may see another 5-6 months of downward or sideways price movement,” the world’s largest digital asset manager detailed.

This Week in Crypto: The Market Finally Reverses Higher

TipRanks | July 21, 2022
Bitcoin (BTC-USD) made a remarkable comeback over the past week, breaking past critical resistance points of previous weeks. The BTC/USD pair breached the $24,000 mark – reaching its highest level since June 13 after registering an impressive 15% gain before finally consolidating near $23,000.
Ethereum (ETH-USD), the second-largest crypto by market capitalization, experienced a spectacular winning streak recently.

ALT 5 Sigma – Next-Generation Blockchain Powered Financial Platforms

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.

Robby Ramos

Robby Ramos

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