Summary The crypto market cap added another 3.7% to $887b after the release of US jobs data. Bitcoin penetrated its 50dma and had already gained 4.3% since the first day of 2023. Altcoins broadly outperformed with Ethereum-based layer 2’s tokens taking the lead (7d: $LDO +80.0%, $OP +41.9%). On crypto front…

Summary The crypto market cap went up 3.4% to $855b last week, despite Bitcoin recorded its first-ever four consecutive red quarterly returns. The crypto giant was stabilising at its 50dma ($16,789) ($BTC +1.8%) with altcoins broadly outperformed. The market focus recently shifted to the followings: Solana ecosystem recovering with Vitalik supports…

Summary Crypto market has been stabilising in a narrow range after FTX filed for bankruptcy one month ago. Crypto market cap dropped 3.7% to $877b. Bitcoin hovered around $16k and has recovered 8% from its low ($15,742) since FTX meltdown. Bitcoin is now trading at $16,928, 5.4% below its 50dma ($17,902)…

Market Recap The Crypto market had a very independent pathway last week as the second largest crypto exchange FTX was discovered to be at risk of insolvency. Sam Bankman-Fried, the CEO of FTX, has confirmed the company has filed for bankruptcy and this caused the crypto market to decline despite the November…

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…