Digital asset prices continued to reflect the downward trend of the broader macroeconomic climate in June. The S&P 500 is down ~20% since January, and the stock market had its worst first-half performance since 1970. Macroeconomic factors like high inflation, rising energy costs, and concerns of an upcoming recession present a challenging environment for growth. Digital assets face their own idiosyncratic risks as the current “crypto winter” continues.
July 01, 2022
June 2022 Market Commentary
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