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- Market Update - July 12, 2023
Market Update - July 12, 2023
The ghosts of 2015-2016
US Congress has some new crypto legislation. Great! The US matters less for crypto now than it has in years.
Let’s look at the market. Watch or listen to this market update, with the following topics.
Bearish technicals
Bullish-ish on-chain metrics
Golden cross baloney
Silk Road sell-off?
“All altcoins” is not your altcoins (con’t)
I strongly advise you read the TL;DW below and watch the update! This summary only captures the bottom line, the video has more commentary and perspective!
To speed up the video (shorten the playing time), tap the circled gear button at the bottom-right corner of the video:
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4ed31cbc-a133-431a-aa01-559ceb7eb602/Screenshot_2023-03-29_at_11.02.02_PM.png)
![](https://media.beehiiv.com/cdn-cgi/image/format=auto,onerror=redirect/uploads/publication/logo/59e8ccb6-39c3-4a6e-b8be-8160149cf5ef/thumb_bitmoji_800.png)
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