i think also the dominance of BTC needed to be addressed in some way as the disparity between the prices of the top 5 cryptos were very skewed. whether that will rebalance, who knows but as you say, this isn't totally confined to the crypto space. that said, this has provided great opportunity for placing both long and shorts on the crypto futures market with minimal leverage, so for me, has pushed my strategies to new levels, therefore is something that can't be *bought*BFDon wrote: ↑Tue Jun 14, 2022 8:51 amIt's rough out there but some context is needed. YTD S&P down 21.8%, Amazon 39%, Tesla 46%. Gold had a nice run in January but essentially flat over 2 years, no better than BTC or ETH. It will be interesting if we continue this bearish macro outlook just how much crypto will fall
(fwiw - i gave up investing in cryptos via the spot markets in jan this year after being introduced to a watered down version of fx style trading using futures. the space is still immature and feels like there is room to make some moves, despite the madnesses of BTC. that said, when the king coughs, everyone rushes to hand him tissues, so nothing lives in total isolation in this space).
News which could impact crypto
The market does not seem yet to be bottomed out. Especially, that there is a FOMC meeting on June 14-15th this week, which is quite a fundamental event for the week which will confirm the next steps for this rate hiking cycle.