Head Of Research at Trade the Chain - AI-driven sentiment indicators
The crypto culling
Digital and crypto asset markets are down dramatically from the highs set only last week, with attempted rallies mooted by some potentially negative news on the taxation front. The downtrend that started last weekend appeared to be waning until US President Joe Biden reportedly is…
Weekly Market Roundup
The Coinbase listing was no doubt the biggest development for digital assets this week and while crypto purists may disagree, the listing away from crypto exchange will not dilute the underlying ethos that digital assets represent. Overall, the price action was choppy and, fascinatingly, large…
Weekly Market Roundup
There is more to digital assets than Bitcoin and the price action over the last 7 days continues to show just that. There is a growing appetite to explore broader ecosystems. Specifically, the MVIS small caps index is up close to 9%, while the large…
FUD sets in as ETFs perhaps become a distant reality
Bitcoin is by far one of best performing assets so far this year in any market, yet this week’s bearish turn has many sounding the alarm bells. Bitcoin is up 79 percent year-to-date (YTD), an incredible return by any measure. But the mood around crypto…
Weekly Market Roundup
It was all about macro events this week as market participants kept a close eye on the Fed and its intentions to appease market concerns that inflation will overshoot its own targets. Comments by the central bank on the opposite side of the pond, specifically…
Weekly Market Roundup
Slowly, then all at once, that’s how things change; and this is especially true with institutions and digital assets. Up until recently, institutional money avoided digital assets like the plague, but the tide has since changed, and dramatically so. The growth of Grayscale and, in…
Weekly Market Roundup
Happy Chinese New Year, to those who celebrate, including Bitcoin – which appears to have started the party early. A wave of good news sent Bitcoin soaring yesterday after it was revealed that BNY Mellon, the world’s largest custodian of assets under management (and America’s…
Weekly Market Roundup
Crypto markets are charging forward yet again, and not even a hack on a leading Decentralised Finance (DeFi) project has been able to dampen this week’s party-like atmosphere. Bitcoin came within shouting distance of $39,000 earlier this week, and ETH continues setting new record highs,…
Weekly Market Roundup
To use an old saying – “there are moments that define a person’s whole life…” – and for digital assets, this moment was supposed to have been the adoption of Bitcoin and other tokens by institutional market participants. While this development (which only gathered momentum…
Weekly Market Roundup: The great Bitcoin capitulation
Bitcoin has fallen victim to profit taking from the recent all-time high, and is now down close to 16 per cent over the last seven days. This freefall appears driven in part by a fast money fear of capitulation below $30,000. The put skew has…
Weekly Market Wrap: Don’t call it a comeback, they’ve been here for years…
The peanut gallery once again regained its voice, calling Bitcoin a scam as it dropped sharply after hitting a new all-time high – but bulls remain firmly in control and prices have rebounded over the past five days to nearly $39,000.
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