Tagged: crypto market report

Bitcoin (BTC) Correlation to NASDAQ Increased to 57%, Now a Sustained Reversal of Risk-off Trade Last Week: Report

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The correlation of Bitcoin to the Nasdaq is currently ~57%, “climbing over the past week,” according to an update from BitOoda. As the team at BitOoda had noted this past week, the Russian invasion of Ukraine led to “a large sell off that reversed faster… Read More

Bitcoin Spent Output Profit Ratio Indicated Crypto Is Selling at Loss, Ethereum “Oversold” in Feb: Report

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January 2022 was a “turbulent” month for the cryptocurrency sector as market participants saw “a broad sell-off,” the team at Kraken noted in an update. Kraken wrote in a blog post that the “continued uncertainty about the proposed U.S. Fed rate hikes in March and… Read More

Bitcoin Could be Subject to “Whims” of Global Macro Developments, Geopolitics For Now: Report

Bitcoin and Liberty Dollar CBDC

Bitcoin (BTC) appears to be set to close a highly volatile week with a green candle — rebounding from a drop to around $34,000 after Russian forces “punctuated several weeks of tensions in the areas around Ukraine with what looks like a full-scale invasion,” the… Read More

Bitcoin has Been Quite Resilient, Rebounding from a Drop Following Russia’s Invasion of Ukraine: Report

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Digital asset manager Grayscale notes that the Russian invasion of Ukraine has impacted international markets, including crypto-assets, which have “historically shown correlations to risk assets.” As noted in a blog post by Grayscale, this relationship has “become even more pronounced in recent years as institutional… Read More

Recent Bitcoin Price Weakness During Ukraine Crisis Represents Longer Term Opportunity: Research Report

Wanted Bitcoin Reward

James Butterfill and Christopher Bendiksen from CoinShares have noted in a blog post dated February 24, 2022 that Bitcoin had an “immediate” price response to the Ukraine invasion when the news broke early this morning. According to the CoinShares researchers, it has become evident that,… Read More

Not Digital Gold: Bitcoin, Ethereum Among Worst-Performing Risk Assets During Russia and Ukraine Conflict, Report Reveals

International markets are experiencing a massive increase in volatility with Russia’s invasion of Ukraine. The severe humanitarian crisis that could unfold over the next few days and weeks “could be the worst in Europe in decades, with loss of life and property, as well as… Read More

Bitcoin (BTC) Price Correlation to Nasdaq Drops to 51%, Relationship Is Strongest when NASDAQ Is Down Big: Report

Bitcoin and Liberty Dollar CBDC

The research team at BitOoda has provided an update on Bitcoin and broader public markets. As of February 15, 2022, $291 million in YTD fund outflows have taken place along with an inverted term structure of BTC volatility now “at 11% realized less implied.” As… Read More

Bitcoin Adoption Continues with ConocoPhillips Selling Gas to BTC Miners, Ukraine Legalizing the Flagship Crypto: Report

Two Bitcoin in Hand

Blockchain.com, a block explorer service, crypto wallet provider, and digital asset trading platform, notes that if people think that the 2022 Winter Olympics had “thrilling” ups and downs, they should consider getting into crypto and blockchain. During the coming weeks, Blockchain.com says it will be… Read More

Bitcoin Remains Risk-On Asset Notwithstanding Inflation Hedge, Digital Gold, Uncorrelated Asset Narratives: Report

Bitcoin and Fiat Coins Money

The correlation of Bitcoin (BTC) to the Nasdaq stands at around 53% and declining. Recently, the S&P and the Nasdaq have stabilized after the late January 2022 selloff, according to an update from BitOoda. As they’ve noted, a large down day in the Nasdaq is… Read More

Bitcoin Estimated Hashrate Increase Despite BTC Price Decline Indicates Miners Confidence: Report

Two Bitcoin

Many people have come to own and embrace crypto-assets because of a powerful sense of mission that includes: fairness and efficiency meaning a desire to see transferring money more like sending a text message — “instantaneous and low cost to all, and not something that… Read More

Bitcoin Price Is Experiencing Heightened Correlations with US Equities: Report

Stocks Markets Trading Indexes Exchanges

The team at digital asset firm Gemini notes that there has been a considerable decline across the wider crypto market, including Bitcoin, since the beginning of 2022. However, Gemini points out in a report shared with CI that non-fungible tokens (NFTs) are “thriving.” The update… Read More

Historical Volatility, Technical Patterns, On-chain Activity Indicate that Macro Bitcoin (BTC) Bull Run Isn’t Over: Report

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The team at digital assets firm Kraken notes that if 2020 was the year of the bull, 2021 was the year that “crypto went mainstream.” During the past year, they claim to have “witnessed leaps in adoption, infrastructure, regulation, and policy — not to mention… Read More

Analysts at Blockstream Predict Huge Year for Liquid Network, STOs, as Bitcoin Price Continues to Decline: Report

Fortune Cookie Small Wins Big Successes

Bitcoin-focused tech firm Blockstream notes in their Markets Weekly Report that BMN is launching a capital raise via Bitfinex Securities in the coming days. Meanwhile, El Salvador is preparing its regulatory framework for the upcoming BTC bond, and Goldman Sachs (NYSE:GS) recently stated that BTC… Read More

Crypto Markets Massively Outperformed Other Asset Classes Last Year, Reasonable to Expect Market Crash in 2022: Report

Train Wreck Crash Fail

The team at Blockchain.com, a leading block explorer, crypto wallet, and trading platform, says that 2021 witnessed a “fourth” major bull cycle for Bitcoin (BTC) and other crypto-assets. Historically, in the years that followed the previous large bull markets, we’ve seen “a struggle to hold gains… Read More

Bitcoin (BTC) Ends 2021 at $47.4K Avg Price, Up 4.3x from 2020’s Full-Year Avg: Report

Double Bitcoin

Bitcoin (BTC) ended 2021 at an average price of $47,400, as Ray Dalio noted that BTC has “proven itself.” Meanwhile, MicroStrategy (Nasdaq: MSTR) continued to acquire more of the leading cryptocurrency to strengthen its corporate treasury, the team at Blockstream noted in a recent market… Read More

Daily Usage Patterns of Tether Issued on Ethereum Shifted in 2021, Coin Metrics Reports

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The Coin Metric State of the Network Report #135 notes that decentralized finance (DeFi) has experienced tremendous growth during the past few years. At present, the most widely-used metric to measure DeFi adoption is called “Total Value Locked”, or TVL. According to Coin Metrics researchers,… Read More

Crypto Usage and Digital Assets Adoption Growing Worldwide but US Still Represents Largest Market: Report

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This week, crypto (again) reached “record levels” of investment while industry professionals gathered to predict the key trends for the sector in 2022, the team at Sygnum Bank wrote in a blog post. At the same time, Sygnum has introduced a structured product offering (what… Read More

Recent Bitcoin Mining Revenue Declines but Miner Economics May Improve from Previous Year-End Estimates: Report

Mining Miner Mine Pick

BitOoda, an international digital asset financial technology & services platform offering risk management solutions, best-execution brokerage & expert market analysis, notes that Bitcoin declined 3.3% week-on-week, settling at around $48,830 as of midnight UTC on December 15, but has now dropped further to about $46,300 at… Read More

El Salvador Connects Volcanoes to Blockstream Satellites, Fidelity Now Canada’s First Institution Focused on Bitcoin Custody: Report

Two Bitcoin

The team at Blockstream notes in a report that Bitcoin is on track for its worst weekly drop in over 6 months. Blocktream writes in a blog post that declines this past week looked to be driven by “continued deleveraging and perhaps also exacerbated by… Read More

Bitcoin Inflows Continue to Dominate with $97M in Net Inflows from Past Week, CoinShares Reports

Bitcoin Currency Coins Money

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (November 15) that for the week ending November 12,… Read More

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