Crypto Research

For a full copy of this report in PDF format please click HERE MARKET ANALYSIS Early in the week, Bitcoin dipped testing $11,000 as support before rebounding and ending the week only slightly down (-0.8%) from the week prior at $11,678. August is only the second month in Bitcoin’s history that it traded above $10,000 for the entire month. Bitcoin continues its 2020 outperformance compared to all major asset classes....

For a full copy of this report in PDF format please click HERE MARKET ANALYSIS After breaking above $12,000 resistance, Bitcoin quickly fell below that level and is consolidating in the mid-$11,000 range. Bitcoin ended the week down 4% at $11,771. CME’s 6-month Bitcoin futures contracts expire at the end of the month, which may lead to greater volatility this upcoming week. Despite the pullback this week, Bitcoin remains firmly...

For a full copy of this report in PDF format please click HERE MARKET ANALYSIS After bumping up against its $12,000 resistance level for the greater part of the week, Bitcoin broke above $12,000 on Monday August 17th and finished the 7D period up 3.8% at $12,316. Open interest on CME Bitcoin Futures hit an all-time high on Friday ($846M vs last week’s record of $840M) and Bitcoin’s hashrate hit an...

For a full copy of this report in PDF format please click here MARKET ANALYSIS For the second time in two weeks, Bitcoin climbed above $12,000. Overall, it finished the week ended 8/11 up 5.6% at $11,878. Notably, it traded above $11,000 for the entire week for this first time since August 2019. Source: FSInsight, Bloomberg Source: FSInsight, Bloomberg Bitcoin led all other major crypto assets by 3% - 9%...

MARKET ANALYSIS After last week’s spike, BTC continued its rise nearing $12,000 before a $1 billion liquidation event caused the price to crash $1,500 and then stabilize above $11,000. BTC finished the 7-day period ending August 3rd up 1.7%. As the dollar suffered this week (measured by the DXY), Bitcoin and gold continued their outperformance compared to all other asset classes. Ripple and Ethereum both surged this week up 37%...

MARKET ANALYSIS At the beginning of the week, BTC awoke from its slumber and ripped to a new 2020 high of $11,420 on Monday. BTC finished the 7-day period ending 7/27 at $10,990; up 20% week over week.   Even though Gold has been enjoying a significant run and breached new all-time highs, Bitcoin is still solidly outperforming Gold and all other major asset classes YTD. The crypto majors all...

MARKET ANALYSIS This week, the crypto majors continued their slumber as BTC tightened its trading range between $9,089 and $9,283. The asset finished the 7 days ended 7/20 at $9,164; down 0.8% week over week. Despite the period of consolidation, Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis. All major crypto assets saw slight dips in price over the week with Litecoin...

MARKET ANALYSIS It was another quiet week with limited price action as BTC traded between a tight range of $9,118 and $9,450. The asset finished the 7 days ended 7/13 at $9,277; down 1.4% over the period.   Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis. Ripple (XRP) led all other major crypto assets by 6% - 10% this week and was...

MARKET ANALYSIS After briefly falling below its persistent $9,000 support level on Sunday, Bitcoin finished the 7 days ending 7/6 at $9,375; up 1.7% on the week. Volatility over the past 7 days has been exceptionally low with Bitcoin trading between a low of $8,977 and a high of $9,375. Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis. Bitcoin Cash led all...

MARKET ANALYSIS After Bitcoin’s price briefly dipped below $9,000 on Saturday, gains on Sunday pushed it back above $9,000 into the lower band of its $9,000-$10,000 trading range that has persisted since the halvening. This ended its longest streak of daily losses (5 days) in over half a year. Prices last declined for 5 consecutive days in early December 2019. Bitcoin remains firmly ahead of gold as the best performing...

MARKET ANALYSIS Closing at $9,304 on Tuesday evening, Bitcoin remains firmly within its $9,000 - $10,000 trading range that has persisted since the May halving. Heading into the back half of the week, all eyes are on the options market as an estimated $930M worth of bitcoin options, accounting for about 70% of total open interest are set to expire on June 26th. Bitcoin remains firmly ahead of gold as...