RECAP: POST-FRENZY AFTERMATH

From Frenzy to Fallout - Assessing the damage.

NUGGETS OF ALPHA

• ~$218M in liquidations hits short sellers in 24 hours as the crypto market rallies after the favorable XRP ruling

• BTC dominance is down off the high as it dips below 50

• Larry Fink stated that “Bitcoin and crypto would transcend any one currency”

• A glut of ETFs are coming to market; a flood of cash will be coming into Bitcoin

• Investors with less than 1 BTC have been buying up the supply

• Hive Blockchain is pivoting to artificial intelligence and web3

• When big money comes in to buy BTC, they must go OTC or work directly with miners

• ARKQ is the only fund that has beaten fiat debasement over the last five years

• Both headline and core producer prices rose by far less than expected in June

• The June CPI print gives the Fed more reason to consider easing up on rate hikes

• Fed expected to hike rates for the 11th time on July 26th to the 5.25-5.50% range

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• The global crypto market cap is $1.25 trillion, with a 24-hour volume of $65.35 billion

• The price of Bitcoin is $31,202.76, and BTC market dominance is 48.6%

• The price of Ethereum is $1,989.22, and ETH market dominance is 19.2%

• The best-performing sector is Media, which gained 49% 

• The Crypto Fear & Greed Index is currently Greed at 60

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~$218M in liquidations hits short sellers in