Digital Assets Morning Call: May 19, 2022 ☕ 📰
Major crypto assets consolidate amid broader equity market decline
May 19, 2022
↘️ US equities fall sharply as corporate profits and margins are squeezed by inflation
↘️ Bitcoin and ether soften but hold up better than Nasdaq
↘️ Moves by crypto platform and private bank show convergence of digital and traditional finance
Risk assets fell sharply Wednesday and are still under some pressure today after consumer giant Target not only missed its earnings target but just as importantly noted that higher costs were reducing its profit margins. That news not only generated steep losses in Target’s stock, but in US and global equities more broadly.
Read the full report here: alt5sigma.com/digital-assets-morning-call-may-19-2022
