Technician's take (Editor's Note): In place of the usual technical analysis, First Mover Asia is republishing an essay by CoinDesk columnist David Z. Morris on this weekend's Consensus 2022 event.
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Biggest Gainers
There are no gainers in CoinDesk 20 today.
Biggest Losers
Still stinging from Friday's inglorious consumer price report that showed inflation rising, crypto investors spent much of the weekend in a defensive crouch.
Bitcoin was recently trading around $26,700, off more than 8% since late Friday. The largest cryptocurrency by market capitalization had been lingering around $30,000 for a month.
Altcoins were harder hit with ether falling to its lowest level in more than 14 months. The second largest crypto by market cap was recently trading at roughly $1,450, off...
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