Crypto Market Week in Review (23 September 2022)
Markets
The Week of Central Banks
This week's market news was dominated by the Central Banks. The Federal Reserve, Bank of England, and
Overtightening of the US monetary policy leads to indiscriminate selling of most assets, particularly high-risk long-duration ones like crypto. However, this trend will reverse in 2023.
Too aggressive monetary easing
The coronavirus pandemic
Crypto Market Week in Review (16 September 2022)
Markets
Inflation Scare
This week’s markets were pressured by ugly US inflation figures published on Tuesday. The data were worse than expected and showed
Key Takeaways
* Cryptocurrencies can be inflationary, deflationary, or have a supply that doesn’t change
* Inflationary cryptos are cryptocurrencies with growing supply
* Cryptocurrencies can be deflated when the amount of burned cryptocurrency over
Arbitrage traders might enjoy the fact that Bitcoin options on Deribit are sometimes priced differently than on the stock market (via BITO ETF), creating trading opportunities.
BITO ETF
ProShares Bitcoin Strategy ETF (ticker