Means of Distribution

  • Mixed week for crypto markets
  • Bitcoin becomes official currency in Central African Republic
  • Fidelity to allow Bitcoin investments in retirement plans
  • BTC & ETH slipped -1.9% & -1.7% respectively on the week (8am). The total market cap of the crypto market stayed north of $1.9tln mark and Bitcoin dominance hovered above 41%
  • Among other majors, SOL dropped -3.5% this week while CRV popped +9.2%, however talk of the crypto town was APE which jumped over 53.7% in the past one week
  • Annualized realised volatility in markets continued to contract, sub 40% both for BTC& ETH this week
  • US Equities (SPX) declined -2.4% week on week as earnings this week fuelled fears of a slow down in economic growth
  • In currency markets, the US Dollar index (DXY) printed a fresh high since 2017 while the Japanese Yen made a 20 year low this week
  • Elsewhere the 10 year US Treasury yields were unch and the Gold & Silver index dropped -7.8%
  • Our client pad was bid up (only buyers) during last week, we are seeing buy the dip action
  • Flow dominated by buyers in BTC and ETH
  • Modest buyers of SOL and APE, which has been hottest among the 6 new coins we added yesterday on spot trading

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Q9 Capital

Q9 Capital

Buy, sell, and store digital assets with ease. Invest with the trust of an established financial services provider with 40 years of group history.

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