Preview
Preview
Bitcoin dominance nearing all-time lows
September has started with varying returns among our indexes. Bitcoin has started the month the worst and is down 1%. All other indexes are in the positive territory, with the Large Caps gaining 1%, the Small Caps 2%, and the Mid Caps 7%.Preview
Preview
Five months of fearful sentiment in the crypto market
The Fear and Greed Index has dipped below 'extreme fear', marking the end of July and August's optimism buildup. While the market sentiment climbed steadily during these months, the Fear and Greed index never managed to enter the 'greed' territory, meaning that the crypto market has been in a fearful state since April. This five-month stay in the fearful territory is the longest since the index's creation in February 2018.Preview
Binance continues being on the offensive to increase market share
Binance continues its offensive push to grab a larger share of the trading volume as well as the stablecoin market. This summer, the exchange behemoth removed fees on all stablecoin BTC pairs and their ETH-BNB pair, and now they announced that they will stop supporting USDC on their platform. Binance has been massively successful in its offensive strategy, as they have now captured an enormous share of crypto trading volumes. Still, a large percentage of this volume is likely inorganic, as indicated by the prolonged depressed trading volumes on other exchanges.Preview
The volatility is currently very low in the crypto market
During the past seven days, bitcoin has been subject to minimal price movements as its price has stabilized at around $20k. This recent price stability has led the 7-day volatility to fall to 1.8%, among the lowest levels observed this year. Bitcoin has recently been in a structural trend of declining volatility, as indicated by the gradual fall of its 30-day volatility since mid-July. Be aware that volatility at such low levels doesn't usually last very long.Preview