Hi Crypto Academy Network, Fears of a recession, supply chain issues, a China lockdown, and tightening monetary conditions led investors to trim exposure to risky assets last week. The Dow Jones Industrial Average recorded its firstever eighth-straight weekly loss since 1923. Identically, Bitcoin also made history by closing in the red for the eighth consecutive week. Although the US equities markets made a strong comeback on May 23, Bitcoin continues to struggle above $30,000. One of the reasons could be that after the collapse of TerraUSD and LUNA, institutional investors are likely to tread cautiously as the crypto space could come under regulatory scrutiny. Bitcoin’s recovery attempts repeatedly turned down from the downtrend line in the past few days. This suggests that bears are defending the level with vigour. KEY TRADING LEVELS Top Content This Week! Bitcoin Recovers to $32K After Dipping | | | | Three New Crypto ETFs to Begin Trading | | | | Crypto Presents Golden Opportunity | | | | Top Article This Week! | NFT Market Summary May 23, 2022 | | | LunaOne Announces a 25% Bonus | | | | Instagram Testing NFT Sharing Feature | | | | | Earnings Disclaimer The information you’ll find in this email is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgment and perform due diligence before using the information in this email. Your success is still up to you. Nothing in this email is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. We also recommend that you check all UK laws to make sure you are in compliance when you create your online business. If you break the city or other local laws, we will not be held liable for any damages you incur |
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