In this week’s newsletter:
- Locked collateral and margin calls add to selling pressure in crypto.
- The latest turn in the macro outlook continues to pressure crypto token prices.
- How the 2022 bear market is different from the last one.
Read our weekly round up below.
Market Updates by Robert Lynch | Head of Research and Strategy
Robert Lynch – ALT 5 Sigma | June 17, 2022
Macro conditions are likely to get worse before they get better. The past week’s events of high inflation prints, a series of central bank tightening measures, and outsized declines in both equity and bond have left a mark on sentiment that will be evident for some time.
Robert Lynch – ALT 5 Sigma | June 13-16, 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
BNN Bloomberg | June 16, 2022
The S&P 500 has fallen more than 20 per cent from its high on Jan. 3, and the Nasdaq-100 has plunged 30 per cent from its November record. Bitcoin has lost two-thirds of its value since it almost touched US$70,000 per token seven months ago. Even a conservative investor, with a sober mix of 60 per cent in stocks and 40 per cent in bonds, is down about 17 per cent this year.
Bitcoin.com | June 17, 2022
BTC moved lower in Friday’s session, as bearish momentum once again reigned supreme in crypto markets.
Following a slight increase in price on Thursday, BTC/USD fell to an intraday low of $20,265.23 heading into the weekend.
As a result of Friday’s move, BTC moved towards what seems to be its new floor at $20,200 for the third day on the bounce.
MarketWatch | June 17, 2022
That was MicroStrategy MSTR CEO and bitcoin BTCUSD optimist Michael Saylor talking about the recent dip in bitcoin prices during a Wednesday morning interview on CNBC’s Squawk on the Street.
Saylor attempted to calm fears of slumping crypto prices by saying that any four-year time horizon in bitcoin’s history has yielded positive returns for investors. Bitcoin’s network went live in 2009.
TipRanks | June 16, 2022
Bitcoin (BTC-USD) has lost about 30% of its value over the past seven sessions, currently hovering around the $21,000 handle. The multi-month consolidation has taken its toll on the largest cryptocurrency by valuation, triggering massive sell-offs and liquidations.
Although BTC jumped 8% on June 15 following the Federal Reserve’s latest 0.75% interest rate hike – the largest since 1994 – short-term panic selling isn’t showing any signs of abating. Meanwhile, crypto lending firm Celsius’ recent action to “temporarily halt” withdrawals and crypto venture firm Three Arrows Capital (3AC) hinting at possible insolvency added more fuel to the fire.
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.