#C.R.E.A.M. #41 - After the dump - is before the dump?

Dear Lizards,

What a week! Bitcoin hit a new high at $70,000 before taking a sharp 30% plunge. This volatility wasn’t just due to turbulence in the Japanese stock market but was also fueled by recession fears and escalating geopolitical tensions. Bitcoin briefly dipped to $49,000, its lowest in six months, but quickly bounced back, leaving a long wick on the weekly candle and currently hovering around $60,000.

Meanwhile, altcoins have been on a wild ride of their own. After a brutal 50% drop over the past two weeks, many altcoins started pumping over the weekend. But the big question remains: how durable is this rally? In this issue, we’ll explore what’s driving the altcoin surge and whether it’s a sign of recovery or just a temporary bounce.

What’s next? We’ll dive into the current market dynamics, analyze whether we can expect a quicker recovery, or if a retest of the lows is on the horizon. Plus, we’ll update you on our restructuring efforts.

Stay tuned for more insights!

Best,

Stockmoney Lizards