Market Recap The recovery last week was wiped out as the SEC once again rejected Bitcoin spot ETF. BTC dropped below the $20k level and was stabilizing with sideways price actions. ETH returned to $1k level ($BTC +9.1%; $ETH -13.3%). Crypto total market cap declined to $842b. Bitcoin traded sideways after returning…

Summary Crypto market’s been rather rangebound, following recovery last week. Next few weeks we expect further volatility as we approach SEC deadlines on Grayscale GBTC spot conversion proposal (July 6th) as well as month-end/quarter-end rebalancing. Top performers in Top 100 are: MATIC (+26%), AVAX (+9%), FLOW (+11%), APE (+14%), SAND (+19%)…

Market Recap After weeks of suffering, crypto market slightly recovered after the dip caused by several crypto institutions’ failure in May and June ($BTC +5.7%; $ETH +12.3%). Bitcoin recovered nearly 20% from the lowest level in June ($17.6k) and reclaimed the previous cycle top ($20k). Alts’ recovery in last seven days were…

Summary Market is generally trading steady, and hovering around the current levels of BTC 20k and ETH 1,100 as fears of further liquidations subside. However, situations remain extremely fluid, and it is rather difficult to call a bottom here although much of bad news has probably been priced in already. In…

Summary Crypto market bounced off the weekend lows, with BTC trading back through 21k on the back of better rally in the US equities overnight. The liquidation should slow down with price holding off above 21k. Alts continue to stay comfortable as well. Top performers in Top 100: SHIB (+20%), DOGE…

Market Recap Crypto market took a beating last week despite the 75bps rate hike confirmed on Wednesday has pumped Bitcoin to $23k, all the gains were immediately erased by the rumors of Three Arrows Capital’s (3AC) default. Bitcoin lost the $20k mark which was the previous cycle top (Dec 17), with hitting…

Summary Bear market continued, with BTC plunged to near $20k. The Fed confirmed a 75 basis points rate increase on Wednesday meeting, crypto assets again showed high correlation to traditional finance under macro concerns. Ethereum continued to show weakness as Celsius and Three Arrows Capital (3AC) were at risk of insolvency. …

Summary Crypto market suffered another 30% after CPI release last week. FUD was peaked when Celsius stopped all redemptions. Crypto total market cap went down to $880B. Bitcoin dropped below the 200 weekly MA ($22.3k) for the first time since the Covid Crash in March 20, $BTC trading at 18-month low…

Market Recap After several boring weeks, another crash happened in the crypto market during the weekend, more than $400B being wiped out from the market, leaving $880B (-33.7%) in the market. Bitcoin rejected near 50dma ($31.5k), dropped to a low of $20.8k. Accordingly, major stablecoins’ dominance increased, $USDT : 8.2%(+37.5%) $USDC : 6.1%(+46.2%)…