Q9 Markets: Ready Layer One

  • Crypto regains $2tn total market cap
  • Institutional demand for crypto is surging
  • Layer-1 protocols post double digit weekly gains
Source: Financial Times
Source: Coin98 Analytics
  • Global markets saw a risk on week, Oil futures rallied +8.8% and SPX rose +1.3% week on week.
  • 10 year US treasury yields rose 22bps. US Dollar index rose +0.4%.
  • Gold & Silver index rallied +3.1%.
  • BTC & ETH rallied posting gains of 7.3% & 10.4% respectively. The total market cap of crypto market was just shy of $2tln mark and Bitcoin dominance hovered around 42% during last week.
  • Among other majors BCH & EOS rose +23.5% & +21.6% respectively from last week levels, among metaverse coins AXS saw a standout +39.7% rally.
  • Annualized realised volatility in crypto markets saw a mild contraction vs previous week levels, 66% for BTC and 80% for ETH mostly due to the one way direction of the market.
  • Client pad was aggressively bid up (32x buyers vs seller) but on muted volumes during last week
  • Buyers in ETH and LINK with a two way flow on BTC
  • Mild selling activity in SUSHI

--

--

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

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