Weekly Overview
Weekly
Bitcoin Closing in on $100,000
The launch of Bitcoin options marks another step toward Bitcoin’s maturity as an asset class. The sustained interest in Bitcoin is evident in the growing crypto ETF products. MicroStrategy’s commitment to Bitcoin is clear, and Michael Saylor’s recent purchase speaks volumes. Meanwhile, Bitcoin’s price continues to climb toward $100,000.
Weekly
Bitcoin Breaks Records
Bitcoin’s rise past its previous all-time high of $74,000 marks the start of a new upward trend. Altcoins are also following suit, though prices won’t rise in a straight line. We can expect significant volatility in the coming months. Bitcoin’s recognition as a serious asset class is evident from the strong interest from investors and BlackRock’s Bitcoin fund catching up with their gold fund.
Weekly
Bitcoin sets new record high in euros
The high interest in spot bitcoin ETFs over the past month is reflected in the price. It seems only a matter of time before we see new record highs in U.S. dollars. Although recent price gains don’t guarantee a breakout from the price range where Bitcoin has been trading since March, the outlook is positive.
Weekly
New all-time high is still to come
After a period of price increases and a 7-day streak of positive inflows into U.S. spot ETFs, bitcoin seems to be taking a breather. While the market seems to be cooling off, the bigger picture remains positive. The overall adoption of crypto continues to grow, with stablecoins finding their way into the traditional financial system. Whether it's regulation, political agendas, or technological innovations, it's clear that crypto is here to stay.
Weekly
Crypto products popular among ETF investors
While the positive employment figures from two weeks ago signaled strength, the disappointing inflation figures do not signal weakness. Bitcoin is moving towards the top of the price range we've been in since March this year. Interest in crypto among ETF investors is clearly visible, as confirmed by Charles Schwab’s research and data. In recent days, over $1 billion has flowed into spot Bitcoin ETFs, while the inflow for spot Ether ETFs remains low.
Weekly
US economy on track for a soft landing
Employment and inflation data are crucial economic indicators for the Federal Reserve's monetary policy. To achieve the desired soft landing, inflation must decrease, and unemployment should not rise. The positive employment figures contribute to achieving this goal and suggest that the US economy is not weakening.
Weekly
October kicks off red due to geopolitical tensions
Geopolitical tensions are causing unrest among investors. Falling prices and liquidations of futures positions are increasing selling pressure within the crypto market. We saw a similar situation in April this year with tensions between Iran and Israel. After a rapid price drop, the market recovered in the following weeks. If the situation doesn't escalate further, we might see a similar scenario
Weekly
Is the interest rate cut the trigger for the resumption of the bull market?
The market appears to be in a holding pattern, both in terms of news and price developments. However, behind the scenes, we see fundamental progress that will become more apparent in a bullish market. Chainalysis data on crypto adoption supports this, and the global increase in legal protections for companies active in this space is another important signal.
Weekly
Crypto Market at a Nervous Crossroads
Every week, Amdax summarizes the latest developments in the crypto market for you. Want to learn more? Click through for a deeper dive. This newsletter is co-produced with our partner, Bitcoin Alpha.
Weekly
Crypto Market Finds Support at a Key Level
For many investors, the downturn in financial markets has lasted longer than expected. And where prices fall sharply, concerns grow. At the start of this week, those concerns gave way to relief, led by a quick recovery in the price of bitcoin. Is this a reason for optimism, or should we remain cautious? More on that in this Weekly!
Weekly
Soft Landing, An Anxious Market
As summer comes to an end, Jerome Powell moves the financial world with a single speech. His message? Interest rates will decrease based on favourable data. This "soft landing" scenario sounds promising for investors, especially for riskier markets like crypto. But is this pivot a blessing for the crypto market? More on that in this Weekly!
Weekly
The Bumps in This Bull Market
After a period of fluctuations in the crypto market, Bitcoin's price suddenly saw a strong surge late last week. The question arises whether this rise marks the beginning of a smooth upward trend, or if there are still bumps in the road. More on that in this Weekly!
Weekly
Altcoins Suffer Most in a Weak Crypto Market
On August 5, the crypto market unexpectedly experienced a sharp decline. That turmoil is now two weeks in the rearview mirror, and bitcoin's price has been moving sideways around $59,000. Altcoins have been hit hardest by this status quo. What's our outlook on this? Find out more in this Weekly!
Weekly
Will the US Continue to Stifle Its Crypto Market?
Last week's Weekly focused on the crash that occurred in the preceding days. Market-wide panic ushered in a turbulent trading week, sparking a wave of varied emotions among investors. In the second half of the week, the market rebounded, and calm returned. But how do things stand now? You’ll find out in this Weekly!
Weekly
Japan Unleashes the Bear
In the past two eventful weeks, the bitcoin price has risen by more than 25%. Fear and concern have given way to cautious optimism. The Ethereum ETFs have been launched, a high-profile bitcoin conference begins on Thursday, and the bulls see that the path to a new all-time high is relatively short with a 12% increase. But is that a plausible scenario? Find out more in this Weekly!
Weekly
Trading in Ethereum ETFs begins
In the past two eventful weeks, the bitcoin price has risen by more than 25%. Fear and concern have given way to cautious optimism. The Ethereum ETFs have been launched, a high-profile bitcoin conference begins on Thursday, and the bulls see that the path to a new all-time high is relatively short with a 12% increase. But is that a plausible scenario? Find out more in this Weekly!
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