Digital Assets Morning Call: June 29, 2022 ☕ 📰
US recession forecasts may need to be brought forward
Jun 30, 2022
↘️ Modest slippage leaves major crypto tokens in recent range
↘️ Eurozone inflation mixed but keeps ECB tightening expectations intact
↘️ Is the US already in a recession? Markets have already discounted a lot of bad news
The week-long consolidation pattern in bitcoin and ether continues, although the very short term focus on the latest weakening in risk assets — evident in Tuesday’s 3% drop in the NASDAQ index — has concurred with a pullback in crypto tokens from their recent highs. That has seen bitcoin fall back to, and marginally below, the $20,000 threshold.
Read the full report here: alt5sigma.com/digital-assets-morning-call-june-29-2022
