Market Recap Crypto market had another uneventful week with Crypto Total Market Cap dropped 0.5% to $952bn. Bitcoin once again rejected at the 50dma, $19.6k, and was stabilising in a narrow range between $18.6k and $19.7k (7d $BTC +0.4%). Ethereum outperformed Bitcoin this week and its token issuance returned to pre-Merge level…

Market Recap Crypto market volatility arrived at CPI release. Major cryptocurrencies had an epic turnaround (dump-and-pump) after the September CPI came out hot. Bitcoin plunged nearly 5% to hit a low of $18,131 and rebounded strongly to $19,954 in next 12 hours (7d: $BTC -1.7%). The crypto giant rejected at the 50dma…

Market Recap Crypto market went slightly lower after strong labour market data. However, Bitcoin kept the first week of October green ($BTC +1.5%) and outperformed other traditional asset classes this week. Bitcoin dropped below 50dma ($19.9k) and hovered around $19.3k. Total crypto market cap increased 2.3% to $988bn. The September CPI (13…

Market Recap Crypto market continued to consolidate with a narrow range despite the chaos from macro economy. Bitcoin was trading at $19k and Ethereum was hovering around $1,300. Crypto market cap dropped 0.1% this week ($965bn). September curse happened again (Sep: BTC -3.1%, ETH -14.5%). With global economic crisis, it is expecting…

Summary Crypto assets were trading heavy over the last few days with macroeconomic and geopolitical uncertainty. Crypto market cap is now at $988bn with Bitcoin hovering around $19k (7d: BTC +0.9%). September is likely ending red again. Funding rates were neutral with quiet pricing actions. On the economic side, the unemployment…

Market Recap Crypto market has been quiet over the weekend. Cryptocurrency market cap stabilizing at $966 billion, with Bitcoin and Ethereum hovering around $19k and $1300. Upcoming CPI numbers continued to be the most crucial data for next Fed decisions. Without any independent pipeline on the crypto side, the risk assets are…

Summary Risk assets were trading with high volatility at FOMC meeting, most crypto assets fully recovered two days after the 10% drop caused by the as-expected FOMC meeting on Wednesday. Crypto market cap currently stabilising at $0.98 billion, Bitcoin and Ethereum are gyrating around $19k and $1.3k respectively. Funding rates turned…

Market Recap Crypto market went lower despite Ethereum successfully switched to Proof-Of-Stake on Thursday. Cryptocurrency market cap shed below $1T, Bitcoin trading below $20k and Ethereum gyrating around $1.3k. Investors tended to reduce their risk appetite by selling off risk assets after the hotter-than-expected August inflation data. The upcoming FOMC meeting this…

Summary General crypto assets ended lower in August after the hawkish speech from the Fed at the end of the month and strict regulatory policy on crypto institutions, for instance Tornado Cash (Aug: BTC -13.9%, ETH -7.3%). Funding rates also turned significantly negative in accordance with the declining price actions. Crypto…