Crypto Research

Bitcoin continues to march higher, eclipsing another key milestone and trading above the 200-day SMA. Ethereum is also higher on the week but has met resistance at $3,300. Attention turns to the 50-day SMA.Bitcoin’s recent price run has not been as “hot” as its gains would suggest.Price action has been largely supply-driven and recent movement of coins onto exchanges could present short-term risk.Crypto and meme stocks are on the move...

The Bitcoin SOPR was recently referenced in the FSInsight Crypto Daily (August 4, 2021). What is the Bitcoin SOPR and what should we be looking for? Will McEvoy, FSInsight's Crypto Research Associate, meets with Carrie to chat SOPR and if the recent changes look bullish or bearish for Bitcoin. *Recorded August 11, 2021

Armando Aguilar, VP of Digital Assets at FSInsight, explains how Bitcoin is being used in El Salvador. Recently, El Salvador adopted Bitcoin as legal tender, but is the payment infrastructure ready? What type of crypto wallet do citizens need? *Recorded August 11, 2021

RECAP OF PRICE PERFORMANCE First, let’s quickly recap what we observed the past week for BTC and ETH. Some observations: 1. Below (Exhibit 1) is the 7-day chart featuring the price action of BTC and ETH. Bitcoin surpassed the $48,000 - level, Ethereum traded above $3,300, and the total crypto market cap reached $2.0 trillion for the first time since the industry drawdown in May. 2. Last week we highlighted...

Will McEvoy contributes to FSInsight's Crypto Weekly research, most recently reporting on stablecoins and how the Stablecoin Supply Ratio (SSR) provides insight into the digital asset market. Carrie and Will chat SSR, how it's calculated and what we can forecast based on historical data.

We had the opportunity to meet with Tom Block, FSInsight’s Washington and Policy Strategist, along with Sean Farrell, our VP of Digital Assets. Last week we met to discuss the crypto provision tucked inside the Infrastructure Bill, which loosely defined broker and many saw this as negatively affecting the future of blockchain & crypto innovation here in the US. A compromise amendment was then proposed, which clarified the language and...

Carrie & Will chat about the Ethereum network and the recent EIP-1559 upgrade. Will explains EIP (Ethereum Improvement Proposal) - 1559, which took place on the Ethereum network on August 5, 2021 as part of the "London Hard Fork" upgrades. Currently, users must bid for how much they’re willing to pay in transaction fees to miners, which is oftentimes less transparent and more volatile. EIP-1559 incorporates an automated bidding system...

CRYPTO LOSES BATTLE IN DC BUT IS WELL-POSITIONED FOR THE WAR Last week, we covered the infrastructure bill under deliberation in the Senate due to a crypto provision that was snuck into the bill at the eleventh hour. To recap: the bill had cited a $28.0 billion "pay-for" sourced from tax revenue paid by crypto brokers. This was not a novel concept for the crypto industry, as reputable centralized brokers...

As shown below, Bitcoin's forward performance is far stronger when it is trading above its 200D moving average: >200D, 6M forward return    +193% <200D, 6M forward return       +10% You get the picture, Bitcoin is a network effect/network value asset, and also apparently aided by price momentum. _STRATEGY: BUY BITCOIN OR BUY CRYPTO EQUITIES_ The associated action for Rule #3 is simple. - go long _WHY IS THIS...