Macro uncertainty and stablecoin implosion – the perfect storm
Week 18, 2022
Highlights from the last week
Market Update
The bitcoin price has fallen 17% over the last seven days in a chaotic combination of interest rate hikes and balance sheet normalization from the Fed accompanied by idiosyncratic crypto-related uncertainties emerging from the de-pegging of UST. (Read article)
UST’s dollar peg is being challenged, hitting lows of…