Investment review for the 26th week of 2022

Stocks

• ETFs SPY: -2.10% (-8.16$).

There was no essential news over the past week, so let’s summarise the results of the year’s first half. First, the US S & P 500 index fell 20%, which is usually considered a marker of the beginning of a recession. There is no doubt that it will be – the Fed is aggressively raising the rate, inflation is still high, and energy prices remain record high due to the war in Ukraine.

Some analysts promise an unprecedented economic crisis, but so far, things are not looking so bleak. We think the main risk for US stocks is the continued rise in inflation, but there is a chance to avoid this since oil and gas prices have stopped rising for a couple of months.

July will be an essential month for understanding prospects – the reporting season will pass, the next Fed meeting will take place, and there will be fresh data on inflation.

Cryptocurrencies

• ADA Cardano: -7.65% (-1.35$);
• BNB Binance Coin: -6.44% (-1.45$);
• BTC Bitcoin: -7.65% (-5.35$);
• DOT Polkadot: -13.94% (-1.28$);
• ETH Ethereum: -7.11% (-4.58$);
• LUNA Terra (v2): -4.42% (-0.09$);
• NEAR Protocol: -14.19% (-1.16$);
• SOL Solana: -15.86% (-2.88$).

Last week we bought some ETH at $1000, and there is also a small order to buy Bitcoin at about $18000.

Unfortunately, for cryptocurrencies, the first half of the year was also disgusting due to the high connection with the stock market – investors simultaneously get rid of all risky assets. As a result, trust in crypto as an investment has been undermined again; it will take at least a year before this starts to change again.

Bitcoin is doing its best – it needs much more money to move its price. On the other hand, Ethereum performed relatively poorly; here, the reason is another delay in the transition to Proof – of – Stake. BNB feels the best of the altcoins, constantly withdrawn from circulation through burning. The bear market is destroying the remaining coins, even though blockchains and their ecosystems are continually improving. Most likely, without a recovery in the stock market, cryptocurrencies have no growth prospects.

Precious metals

• Gold ( PAX Gold ): -1.72% (-5.82$).

Gold practically did not lose in price over the first six months; in March, there was a 15% increase. The defensive asset works pretty well, but there will likely be no further growth soon – the increase in rates puts pressure on any assets traded in dollars.

Deposits

• UAH ( Monobank 9.22%): +0.00% (+0.00$);
• BUSD ( Binance USD 10-13%): +0.20% (+0.61$).

Week 27.06-03.07.2022 (No.26)

Name of the asset (group)	For 2022, %	27.06.22 USD	Portfolio share, %	Week, USD 02.07.22	USD profit	Profit, %
INVEST. PORTFOLIO USD	-20.50	2019.78	100.00	1978.25	-31.53	-1.55
MONEY IN RESERVE, USD					total:
Shares ETFs SPY	-1 9.50	389.40	19.2 8	381.2 4	-8.16	-2.10
Deposit BUSD Binance USD	4.93	304.63	15.08	285.24	0.61	0.20
Deposite  Monobank UAH	-2.22	785.36	38.8 8	785.36	0.00	0.00
Precious metal PAXG Pax Gold	-1.49	338.14	16.74	332.32	-5.82	-1.72
Crypto AD Cardano	-61.94	17.71	0.88	16.36	-1.35	0.21
Cryptobnb  BinanceCoins	-55.84	22.6 6	1.1 2	21.11	-1.45	-6.44
Crypto BTC Bitcoin	-53.14	70.00	3.47 _	64.6 5	-5.35	-7.65
CryptoDOT  Polkadot	-73.01	9.20	0.4 6	7.9 2	-1.28	-13.94
Crypto ETH Ethereum	– 67.60	54.38	2.69	59.81	-4.5 8	-7.11
Crypto LUNA Terra v2	-67.57	2.00	0.10	1.91	-0.09	-4.4 2
Crypto NEAR Protocol	-64.83	8.20	0.41	7.03	-1.16	14.19
Crypto SOL Solana	– 77.92	18.19	0.90	15.30	-2.88	-15.86

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Bitcoin Survives Worst Quarter in Years    

Bitcoin lost 56% in the second quarter of 2022. It is the worst result in the last 11 years; more Bitcoin lost in the third quarter of 2011 – 68% per quarter.

Bitcoin suffered losses

During the second quarter, the price of Bitcoin fell from $45,500 to $19,950, or 56%. In previous cycles of decline in 2014 and 2018, Bitcoin lost the most for the quarter, by 39% and 49%, respectively. Bitcoin experienced its most considerable quarterly losses in the third quarter of 2011 when its value lost 67% in a quarter.

The past quarter was rich in anti-records. For nine weeks in a row, a non-stop decline lasted; this had not happened before. In June, Bitcoin lost 37% of its value, a record since September 2011, when losses exceeded 38.5% in a month. There is also a decrease in activity in the Bitcoin network. The volume of transactions has fallen by 58% over the past few days.

The cryptocurrency market crisis has led to massive layoffs in large companies operating in the digital currency market. Among such companies are Gemini, Crypto.com and BlockFi. One of the latest layoffs was announced by cryptocurrency and stock trading platform Bitpanda, which has cut 277 employees.

Stock market losses

Not only the cryptocurrency market is experiencing a deep drop. The US stock market is also feeling bad. The S&P 500 index lost 20.6% of its capitalization in the first half of 2022, and this is the worst result in the last 60 years since 1962 when the loss in the first half of 2022 exceeded 26.5%.

The cryptocurrency market is closely linked to technology companies and the NASDAQ index, which lost 22.5% in the second quarter.

The cuts have hit tech companies widely, with more than 26,000 employees across 200 companies receiving termination notices in June alone.

During the second quarter, 307 techno companies laid off more than 52,000 employees; one of the most extensive layoffs occurred at Elon Musk’s Tesla, where 3,500 people were made redundant. In addition, cryptocurrency exchange Coinbase, firstly, in early June, suspended recruitment and withdrew offers to hire 350 candidates, and secondly, in mid-June, it laid off 1,100 people.

Future Prospects for Bitcoin

On 07.01.2022 night, Bitcoin rose to almost $21,000, adding more than 10% in a few hours. So it is likely a “stop hunting” of those in short positions in Bitcoin.

After a disastrous quarter, many expect a recovery in the cryptocurrency market. But the history of 2014 and 2018 shows that three quarters can be damaged within a year.

The long weekend in the United States associated with July 4 – Independence Day is over. However, some analysts believe these days will pass quietly without pressure from the stock markets. Someone, on the contrary, felt that in the conditions of a “thin market”, prices could be pushed through, as it was the weekend before last. Crypto market’s Quarter analysis from 2012 to 2022

Bitcoin holders who believe in the growth of cryptocurrency continue to accumulate it. Recently it became known that Microstrategy bought $10 million worth of Bitcoins. I also bought Bitcoins in El Salvador in the amount of 80 coins.

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