Louis Sykes Overhead Supply Lingers August 1, 2022 Bitcoin price action has been a slow grind higher over the last month, while Ethereum and other altcoins have posted notable gains. This very much remains an environment where crypto capital markets are moving in lockstep with legacy markets. The relationship between long-duration assets (growth stocks) and the US dollar remains integral to our macro crypto thesis. We continue to maintain the view that the US dollar is the single biggest driver of risk assets and, by extension, cryptocurrencies. Further USD weakness would be a tailwind, while a stronger dollar would place pressure on crypto. Article Sales Message All Star Charts Crypto Members ReceiveOur professional research delivered to your inboxHigh conviction trade ideas to make moneyFull coverage of entry and exit signals across the crypto landscape, including major coins, altcoins, and other tokensVideo conferences every weekAlerts to cryptocurrencies before they become mainstreamCustom indices, correlation, trend strength and relationship analysisAccess to Rangefinder – our proprietary app for tracking trade ideas in real time (annual members only) You need to have a subscription to access this content in full. Log in or subscribe today to unlock new features and receive Member Benefits. Log in or Subscribe Filed Under: Crypto, Crypto Blog Share Article