Cryptos Rally off Equity Markets and Institutional Interest
The Crypto market rose on Monday as new macro factors and institutional interest weighed in. Cryptos Recover from Selloff Following last week’s sell-off, Bitcoin and the broader crypto market rallied alongside the US equity markets. Bitcoin (BTC) retraced back up to $49,000, with Ethereum (ETH) recovering to $1,500. The biggest crypto names all recovered to varying degrees, except for Cardano (ADA) which saw a small dip to $1.24 earlier today. In the equity markets, the […]
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The newest investment trust tracking polkadot echoes other moves by the fund manager to make cryptos accessible via traditional equity markets and satisfy growing investor demand as interest in ETPs mounts. Low-Fee Offering to be Launched on OTCQX Market Bitcoin may have been the first crypto to make a splash in traditional financial markets via CME futures listing and the Grayscale Bitcoin Trust, but other coins are quickly following suit as investors increasingly appreciate the utility of blockchain-based tokens. The fanfare that has accompanied the rise of polkadot (DOT) has not been....
A new report says institutional investors pumped $429 million into cryptos and cryptocurrency funds in the week ending December 7. The figure, which is the second-highest on record, pushes to the total value of digital assets under management (AUM) to an all-time peak of $15 billion. The largest weekly inflow on record is $468 million seen in November. Breaking down the latest inflows, the Coinshares weekly report that tracks the flow of money into digital asset funds shows that Grayscale accumulated $336 million or roughly 78% of the $429 million. Following its latest acquisitions,....
Bitcoin price has lost the $18,000 support level but several whale clusters below suggest that the dip will get aggressively bought up. Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: TradingviewData suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965.According to the data from Skew, Grayscale Bitcoin Trust’s volume on OTC Markets increased significantly in....
Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their BTC holdings. Miners Are Selling The analysts are instead backing a counter-narrative which points to institutional investor interest as the reason for the current BTC rally. Using data to support their assertions, the analysts suggest that the current bull run, which has different....
The markets should see a rise in volatility heading into these events, so you should focus on the FX, U.S. equity and fixed income markets in November. In early November 2016, the FOMC will be meeting and the U.S. weekly unemployment numbers are coming in just a few days before the U.S. Presidential election. The markets should see a rise in volatility heading into these events, so you should focus on the FX, U.S. equity and fixed income markets in November. Although the market is pricing in a 92.8% probability that Federal Open Market Committee (FOMC) voting members will leave rates....