Digital Assets Morning Call: July 18, 2022 ☕ 📰

Sizeable gains in Bitcoin and Ether kick off the new week

↘️ Bitcoin and Ether register solid gains, in line with broader risk assets
↘️ The rally concurs with the notion that a lot of bad news is already factored into crypto token prices
↘️ This week brings more central bank decisions, as well as inflation and economic growth indicators

Major crypto asset prices are rising early in the week, concurring with the gains in US equities and the improvement risk appetite broadly. Bitcoin (BTC-USD) pushed above $22,000 and tested the $22,490 high from July 8, which represents near-term resistance as the high price since the June selloff. A sustained break above that area would open scope to begin closing the “gap” up to $28,000 established by sharp selloff on June 13.

Read the full report here: alt5sigma.com/digital-assets-morning-call-july-18-2022