In a free land of our own
3 min read

In a free land of our own

Cryptic ball: such consequences.

Are you confused about the fact you're getting this newsletter on a Sunday? Well, remember the world is currently upside down and, unfortunately, it seems everything is possible in this turbulent year of the tiger. So let's recap what has been happening to better prepare for the week ahead. This Friday, US equities had their best day since 2020. The S&P 500 also bounced above correction territory, although it still needs makes a higher high before bulls show up.

Crypto also continued the gains covered in Thursday's newsletter, with bitcoin pumping all the way to $40k. Since then, the market has remained sideways, which is good in times like these. But last week's rally may face some struggles over the next days, as the uncertainty surrounding the war in Ukraine deepens - especially as the nuclear threat escalates. After all, such a major global disruption with unforeseeable consequences can only promote volatility.

To sum up, I expect to see some chop this week. While many believe bitcoin (but not alts) to be a safe haven, the original cryptoasset has still to prove that coveted status - and will continue to behave poorly in risk-off environments. Moreover, tomorrow's monthly close will likely see bears trying to push BTC below $38.5k (to print the fourth monthly candle in a row), with some help from algorithms triggered by Putin's nuclear references. So, keep an eye out unless bulls get brave.

Chart art: such campaigns.

Follow Eliptic's post for live updates on this crowdfunding campaign.

Three things: such musts.

Tweet tip: such a new hope.

Remember the DeFi summer of 2020?

Meme moment: such truth.

Remember we're all here because we appreciate freedom.

B21 App: do more with your crypto.

Remember you can use B21 to donate crypto to Ukraine.

Get started: download the B21 Crypto app!

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Legal Notice
Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of guidance in the report will lead to any particular outcome or result.