Good Price on Bad News is Good News
Jul 22, 2022
• 7
Min Read
Good Price on Bad News is Good News
Last week, we discussed the piping-hot inflation print and expected additional volatility around this data point. On the contrary, markets behaved resiliently, with legacy markets and crypto rallying hard from last Thursday to today.
The market had what seemed to be its first winning week since March as $BTC surged 18%, while $ETH left the rest of the market in the dust on the back of increased interest in the Merge trade (more on this below), rocketing nearly 50% over the same period.
To get right down to brass tacks, we find this week’s pri...