Crypto Trillion-Dollar Potential: Insights From A Macro Visionary
In the fast-paced world of cryptocurrencies, the momentum is undeniable and appears to be accelerating, according to macro guru Dan Tapiero. In a recent interview, Tapiero emphasized the lightning speed at which both institutional and retail adoption is taking place, underlining the phenomenal growth the crypto space has witnessed in the past four years. “When […]
Related News
This is the inaugural monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto market performance In late March, BTC tested $48,000, a key resistance level which had not been reached since September last year. After failing to push through, the marquee crypto saw a reversal to the $40-42,000 level. This had been acting as new support, notably higher than the previous support of $36-38,000 seen in the first quarter of 2022. However, at the time of....
This is the May 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more.
Crypto Market Performance
May got off to a rough start as the Federal Reserve confirmed a hawkish bias on the back of lingering inflation. Markets reacted by going risk-off.
The collapse of LUNA and UST added fuel to the fire, with the result that crypto markets saw historically large drawdowns.
BTC reached a low of $25.4k USD, which is 60% off....
This is the June 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more.
Crypto Market Performance
Crypto markets continued on a downtrend as BTC and ETH were down 30% and 44% respectively over the last 30 days.
The macroeconomic outlook continues to be unfavorable for risk assets as high inflation combines with elevated commodity prices and tight U.S. labor market conditions. Adding to that, crypto has experienced....
The macro market has been influencing the price of crypto to a much larger degree in the last couple of months compared to a year ago. This is no surprise given that some of these companies, which are heavily involved in the macro market, also extended their investments to cryptocurrencies such as Bitcoin. Hence, when the macro environment affected these companies, crypto was affected. Even now, the influence continues to maintain hold. Losses Flow To Crypto Over the last week, there have been some major happenings in regard to the economy. Fed Chair Jeremy Powell said that as the....
The crypto market has seen over today’s trading session as large cryptocurrencies retrace as much as 20% during the weekend. The near term seems likely to trend to the downside, at least until the end of the week, according to a group of experts. Related Reading: Polkadot (DOT) Hits The Brakes At $7.34 After Brief Recovery At the time of writing, the crypto total market broke below the $1 trillion mark and could re-test support at $920 billion. Macro conditions seem to be pushing down risk assets, such as cryptocurrencies and equities, In a market update shared with NewsBTC, Matt Weller,....