Crypto Still Consolidating 1H-21 Gains During Slower Summer Months But Mining Stocks & On-Chain Data Offer Some Positive Early Signs
Jul 7, 2021
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In our first crypto weekly of 2H 2021, we dive into the following: Crypto Had Strong 1H vs. Global Assets Despite Volatility Bitcoin Still Consolidating After Sell In May & Go Away Correction Bitcoin Trading Volume Down As Market Enters Summer Doldrums Ethereum Resuming Outperformance vs. Bitcoin After Recent Pause Smaller Cap Crypto Assets Underperforming vs. Bitcoin But Starting To Turn Crypto Mining Stocks Peaked vs. Bitcoin During Feb & Bottomed Mid-May Investors Selling At A Loss Bodes Well For Tightening Supply Environment Flow Momentum Shifting Back From Stablecoin Cash On Si...