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RECAP: WHAT HAPPENED THIS WEEK
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RECAP: WHAT HAPPENED THIS WEEK

Weekly Recap: The Buzzworthy Scoop & Bright Forecast

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InvestAnswers
Jul 17, 2023
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NUGGETS OF ALPHA

  • VIX fell by 10%+ last week

  • Global liquidity is on the rise once again

  • Bitcoin Hash rate hit another new all-time high

  • The Bitcoin supply crunch narrative continues to build as supply on exchanges keeps trending down

  • Venture Funding for crypto projects has almost entirely dried up

  • The court ruled that XRP was not a security

  • If TSLA reports 20% margins during quarterly reporting, then the market will rally

  • U.S. Government's annual interest expense now nearing $1 trillion

  • 90% of all the present U.S. inflation is coming in the form of rent


This past month has had three significant events impacting the cryptoverse:

  • The SEC filing suit against Binance and Coinbase

  • BlackRock filing for spot BTC ETF

  • Ripple's court ruling deeming XRP token a non-security

Let’s review last week regarding these three significant developments (with important forecasts included).


When the VIX falls by 10% or more in a week, it means market participants are less fearful of volatility. This could be due to a number of factors, such as

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