Week in review: July 8 2022

Written by Robby Ramos
on July 11, 2022

In this week’s newsletter:

  • Macro outlook and crypto-specific dynamics remain driving forces for token prices
  • Luxury watchmaker Breitling starts accepting Bitcoin for purchases
  • Bitcoin hints at a bottom, but it may be different this time

Read our weekly round up below.

Market Updates by Robert Lynch | Head of Research and Strategy

Market Update: Macro Outlook and Crypto-specific Dynamics Remain Driving Forces for Token Prices

Robert Lynch – ALT 5 Sigma | July 8, 2022
There are two broad driving forces in the crypto market at present; macro developments and crypto specific factors. And they are not mutually exclusive. As we discuss, the change in the macro backdrop and outlook has exposed shortcomings and excessive leverage in the digital asset space, resulting in the steep decline in token prices seen this year.

Read Robert’s reports here.

ALT 5 – Digital Assets Morning Call

Robert Lynch – ALT 5 Sigma | July 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.

Read all this weeks articles here.

Crypto News From Around The World

Luxury Watchmaker Breitling Starts Accepting Bitcoin for Purchases

FinBold June 28, 2022
As cryptocurrencies become more widespread around the globe, one of the world’s most prominent watchmakers, Breitling, has jumped on the bandwagon and started accepting digital currencies as a form of payment.

Bitcoin, Ethereum Technical Analysis: BTC Surges Above $22,000 Ahead of NFP Report

Bitcoin.com | July 8, 2022
Ahead of the latest nonfarm payrolls report, bitcoin rose to a multi-week high above $22,000 on Friday. The token climbed to its highest level in over three weeks, whilst ETH also rallied, rising above $1,200 for the first time in nearly two weeks.

Bitcoin Hints At a Bottom, But It May Be Different This Time

BNN Bloomberg | July 4, 2022
It’s a perennial exercise whenever an asset is mired in a prolonged and deep drawdown: People look at the charts, they go over this or that indicator and they get their checklists out to try to figure out when it might find a floor. For Bitcoin, there’s plenty of such action happening right now, with technical signals that in the past have suggested just such a formation.

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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.