This is the June 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more.Crypto Market PerformanceCrypto markets continued on a downtrend as BTC and ETH were down 30% and 44% respectively over the last 30 days.
The macroeconomic outlook continues to be unfavorable for risk assets as high inflation combines with elevated commodity prices and tight U.S. labor market conditions. Adding to that, crypto has experienced a credit crisis as major borrow/lend players such as Celsius, 3AC, and Babel Finance have gone insolvent.
Despite t...
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