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

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Q9 Capital

Q9 Capital

40 Followers

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