The Monthly Crypto Report

July Bitcoin and Crypto Breakdown

The Monthly Crypto Report is sent to premium subscribers of the newsletter. I break down what’s happened so far this year, what happened in the last month, and what to watch in the month ahead. Subscribe if this was shared with you.

Thanks for reading Bitcoin Binge!

---

So Far This Year

BTC Price Year to Date

Jan-Jul Recap

Bitcoin opened 2022 at $46,311.74.

Since then, it’s down 50%, closing July at $23,336.90. Despite the downward volatility this year though, bitcoin bounced last month, rallying 15% in July.

$20k Support?

$30,000 support failed at the end of May. As a cascade of bad news struck the crypto markets, bitcoin tumbled (so did traditional markets). It landed near $20k.

$20,000 is now the number to watch. The price represents the previous market cycle high and it could be the place where bitcoin has settled after sifting through the remnants of a euphoric 2021.