Q9 Markets: Banking on Crypto

  • Crypto rally continues for 4th straight week
  • Derivative markets rebound from June lows
  • 55% of the world’s largest banks now invested in crypto/blockchain companies
Source: Glassnode
Source: Bybt
Source: Blockdata
Source: ChainAlysis
  • BTC/USD & ETH/USD rose +5.2% and +4.6% respectively. Bitcoin dominance dropped below 44% as total market cap ex BTC crossed 1.1 tln mark during last week
  • Among other majors EOS/USD jumped +13%. Among large cap DeFi names, SUSHI/USD and LINK/USD rallied +15.6% and 8.6% respectively
  • Annualised volatility rose, climbing to 74% for BTC and 98% for ETH
  • Better to buy client pad (3.6x buyers vs sellers) on muted volumes
  • Two-way flow in ETH and net buyers of BTC and EOS
  • Mild buying activity in LINK and UNI



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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.