3 min read


Cryptic ball: crypto for burritos.

The first week of June is coming to an end with some volatility. Better than expected jobs data in the US prompted equities to fall and close in the red, as it shows the economy is hot and so the Fed can further hurt stocks. What's next?

  • Bitcoin and most alts followed along and fell into choppy waters. The original cryptoasset lost $30k and is back hovering within the tight range that defined most of May's trading. If it loses $28.5k again things will get nasty.
  • Conversely, ether is testing the key support level from May to July 2021. There's not much visible support below it but I reckon there's strong demand for ETH that would prevent a major crash - even if it can go lower this summer.
  • However, zooming out it's becoming clearer that inflation is peaking and the economy is about to slow down. This should soothe the Fed a bit over the summer, even if we'll surely still get the expected hikes in June and July.

All-in-all, I believe the weekend will be boring but next week volatility will resume in anticipation of the Fed's FOMC meeting. In the meantime, rejoice at the fact Chipotle is now accepting cryptocurrency in its 3000 US stores!

Chart art: ranges for chop.

This is boring AF! Not much to do except to wait and continue to research and BUIDL!

Three things: rebuttals for breakfast.

Tweet tip: tweets for indictments.

True story, Crypto Twitter delivered!

Meme moment: memes for statistics.

Let's hope not, but bitcoin only needs to close below $29.4k for that to happen.

FV Bank: where to find alpha.

Miles Paschini, co-founder and CEO of FV Bank, will be speaking at the Grit Daily House Media Stage, the official side event of Consensus, on a panel about "Where to Find Alpha in 2022" with Caitlin Long and Stefan Rust.

Get started: download the B21 Crypto app!

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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 the guidance in the report will lead to any particular outcome or result.