Santiment July Mid-Month Report: Recoveries Aren't Revealing a High Likelihood of Continuing, According to Crowd

The crypto markets are enjoying some solid gains in July after an absolutely nightmarish first half of 2022 for crypto bulls.

Over the last 30 days, prices have mainly recovered across the board. Bitcoin has jumped back above $22k and Ethereum above $1,500, both for the first time in five weeks.

Meanwhile, Polygon, Quant, Curve, and Arweave are among a handful of assets that have more than doubled their market caps over these past 30 days. These returns have come as traders were (and still are) remarkably negative toward the majority of the crypto sector.

As has been the theme throughout 2022, inflation and Fed policy has continued to be a factor for how crypto prices fluctuate. But clearly through the first two and a half weeks of July, the fears have dissipated.

Below, we will look at both the