Catalysts coming?
After hitting new highs in the first quarter of 2024, markets have been in consolidation mode for much of Q2. This week, we look at some of the upcoming events that could shake crypto out of the summer doldrums, and we highlight the increased onchain activity of Fortune 500 companies.
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Whether you’re looking for clues to what’s behind the recent selloff or looking ahead to see what the summer trading season may hold, this week’s Market Call has got you covered. Our panelists break down the news from Mt. Gox distributions to German government sales of BTC and look ahead to spot ether ETFs and summer trading patterns.
America’s largest companies are increasingly active onchain. A survey of Fortune 500 executives finds that 56% of their companies are working on onchain projects, and the number of onchain projects announced by Fortune 100 companies increased 39% year-over-year, hitting a record high in Q1 2024. Learn more about big companies’ big moves in the latest edition of our State of Crypto report.
Crypto markets have been stuck in a fairly tight trading range amid a lack of directional macro momentum and an absence of internal crypto narratives. But that could change, as we see a number of potential catalysts that are likely to materialize in the second half of the year, including US elections and potential rate cuts.