Hey Guys,
It’s been a wild week to say the least, and I’m here to bring you up to speed with my weekly crypto review!
Let me start this preamble by addressing the elephant in the room: the crypto market dumped when everyone expected it would pump because of Bitcoin Miami.
This has more to do with macro factors than anything crypto specific, mainly the release of the minutes from the Fed’s March meeting last Wednesday. Their rhetoric was extremely hawkish, and this seems to have spooked the markets as a whole.
From where I’m standing it looks like we’re going to see a lot of uncertainty until at least this Tuesday when the inflation figures for March are released, and they’re probably not going to be pretty because of everything that’s going on between Russia and the West.
Besides that there were a few genuinely interesting crypto related headlines which I cover in today’s video, and I also take a look at last week’s top performing cryptos and where they’re headed next at the very end so make sure to stay tuned for that!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Hydra Darknet Market Shut down: https://www.cnbc.com/2022/04/05/darkn…
► Countries Adopting BTC At Bitcoin Miami: https://cointelegraph.com/news/samson…
► Elon Becomes Largest Twitter Shareholder: https://www.theguardian.com/technolog…
► Meta To Create And Integrate Digital Currencies: https://www.ft.com/content/50fbe9ba-3…
► Canadian Politician Promotes Bitcoin: https://decrypt.co/96850/trudeau-poil…
► Deutsche Bank Forecasts 2023 Recession: https://edition.cnn.com/2022/04/05/bu…
► Fed Minutes Summary: https://www.cnbc.com/2022/04/06/fed-m…
► Monero XMR Pump Analysis: https://cointelegraph.com/news/monero…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
