News that US Law Enforcement have seized 94,000 Bitcoin worth $3.5 billion that had been stolen in a Bitfinex hack back in 2016 could have easily spooked the markets. Not only does it once again bring cryptocurrencies into the spotlight in relation to hacks and frauds, but the expectation is also that US authorities will auction off the seized Bitcoin right into the market. Yet, over the last days markets have continued to rally. So are…
The rally of the past few days might have reignited your hopes that the Bull market is back. Some of the top 20 coins like Ethereum or Solana have seen 15%+ growth over that period. Are we going back to Up-Only market conditions? The chart above says otherwise. ‘Wait’, you might be thinking. What does Meta’s, Facebook’s parent company’s, unprecedented 25%, $237bn 1-day crash have to do with Crypto? The answer is: Even if we…
According to English Philosopher; John Locke, everything is in a state of flux. This statement is ever true for the payments and global financial systems where things have changed significantly in the last ten years. Humans have increasingly discovered convenient, secure, and instantaneous payment options with extensive innovation. Due to these innovations, the traditional banking system has faced many disruptions from startups and big tech companies. These “disruptions” have led to widespread and efficient cross-border…
Markets have somewhat recovered following no unexpected tightening announcements coming out of Wednesday’s Federal Reserve Open Market Committee meeting that was hotly awaited. However, the relief bounce has already run out of steam. It seems the broader mood in the market remains pessimistic for now. The main question now is: how low can we go? In the 2021 summer low, BTC briefly touched the $30k level, and below on some exchanges, just to bounce back…
Have you heard of Ghost-chains? Those are projects that were briefly hyped at the late stages of previous bull market cycles, only to then disappear into obscurity shortly thereafter. You can see the chart of a Ghost-chain above. It temporarily enjoyed some hype back in 2017/18 but never recovered from the bust and failed to gain any sort of adoption over the years. Why does this matter today? Because to understand the late stage of…
As goes January, so goes the rest of the year is a Wall Street saying that has only been wrong 10 times since 1950. How much does this apply to Crypto markets? In January 2021, the Crypto total market cap grew about 28%.In January 2020, the same metric saw 36% growth. On the other hand, deep Crypto Winter started in 2018 – the total market cap was down 20% in January of that year. If…
In many ways, the stock market is similar to its crypto counterpart, and as such, observing the stock market is a good way to learn how the crypto market works. It’s safe to say that cryptocurrency is a “not-so-direct” replica of the stock market. This is why they both use a number of similar terms, one of which is “going short”. Going short in simple terms is selling a coin high then buying it back…
It is not a secret these days that Markets are addicted to cheap Central Bank money. Any indication that rates could tighten and cheap money might become marginally more expensive has been enough to put shivers into any asset class. This happened back in May 2021, it is now happening at an even faster rate and explains the strong downturn over the past days. As much as we would like crypto markets to be disconnected from…
As 2021 is coming to an end, it is time to look at some of the most dominant narratives of the crypto space for this year’s major bull market.
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