Author: Daniel Kukan

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! After breaking through $50,000 and trading a notch higher for a while at the beginning of the week, the market has calmed down and is consolidating at healthy levels. One of the major drivers of this bull run was most definitely the derivatives products. We saw massive call option buyers in the 50,000 strike, and the funding in the perpetual futures widened substantially. The situation has relaxed in the meanwhile, and the premiums eased just before…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! Generally speaking, interest has shifted away somewhat from bitcoin and ether towards altcoins. However, the overall trading volume, funding rate, and implied volatility in bitcoin and ether has not changed a great deal over the last couple of days. A smaller consolidation took place, which can be considered healthy as long as we hold the support levels of $40,000 in bitcoin and $2,900 in ether. Investors have been favouring several altcoins in particular, e.g. XRP, DOT,…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! The overall situation for Bitcoin (BTC) is calming down now towards the weekend, and the trading range is currently moving within the $2’000 level. Bitcoin BTC (daily) Ethereum (ETH) is definitively in the spotlight. This is due to the traded volume and the open interest of derivatives products. In general, the spread between both coins is still trading at the resistance level of 0.069. Currently, the most prominent option strike in ETH is the $5’000 strike;…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! It was a tense weekend, which was kickstarted by ETH’s London fork on Thursday, August 5th. Ethereum ETH (daily) Ethereum (ETH) reached a level of $3,200, breaking the $2,850 resistance, and gaining more than 20% at the highest level. Before the weekend started, the spread between ETH/BTC also moved towards 0.073. Currently, the situation has relaxed a bit, and we are currently trading at a level of 0.067 – just below the important resistance level of…

An overview of the trading activities on the cryptomarkets. Studies on traded volumes, supply and demand situations, as well as periodic technical analysis of the most important crypto-currencies and indices, including the perspective of professional Traders. Technical Analysis Good morning! Bitcoin BTC (4h) Even after the July expiry – with big open interest in derivatives – Bitcoin (BTC) is still trading in a range of 30’000 USD and 40’000 USD. Over the weekend, BTC attempted to break through the 42’100 USD level twice, and eventually returned to trading around 40’000 USD. The short-term range of 36’000 USD and 40’000 USD…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! It was a pretty quiet weekend in terms of volume, but not necessarily in terms of market moves. Bitcoin BTC (daily) Bitcoin (BTC) went from 39’000 USD to 42’000 USD, and then straight back down to 40’000 USD. After the July expiry on Friday, there were two attempts to break the 42’000 USD resistance. The winner of the weekend was clearly Ether (ETH), gaining approx. 8% over bitcoin ahead of the August 4th fork, implementing EIP-1559.…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! Crypto adoption is growing daily. In the last few months, we have been seeing massive amounts of capital/investment continue to pour into blockchain and cryptocurrency companies from venture capital and direct investment. One example is crypto startup Fireblocks, which raised 310M USD in a Series D, tripling its valuation to 2.2B USD. The customer base increased to about 500 compared to 150 in January 2021. Another example is the FTX exchange, which has raised the largest…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! Front month implied volatility and trading volume is dropping further now towards the July expiry. The overall term structure is very steep, with shorter maturities being traded much lower than longer tenors. In general, a roll-over of short July positions into September makes a great deal of sense. ETH volatility is holding up better compared to BTC, although the spread between them has also traded lower throughout the entire week. Despite all of the market facts,…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good morning! Currently, the overall market is still consolidating and trading in a tight range. It feels to me like the market gets sold off during Asian hours and bought back during American hours. In terms of the bigger picture: bitcoin’s range between 30’000 USD and 40’000 USD is still valid, and is causing implied volatilities to tumble in the front months. Bitcoin BTC (daily) The spread between Ethereum (ETH) and Bitcoin (BTC) has not changed a great…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! Overall, the market has been trading in a tighter range. Bitcoin (BTC) moved from 33’000 USD to 36’500 USD and back to 33’000 USD again. Ethereum (ETH) outperformed BTC during the entire week and the spread between the two gained nearly 10%. It is now trading at 0.062. Despite it having been a rather calm week, the traded volume has not decreased and has remained stable. Funding spreads are trading neutrally to slightly negatively, and the…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! It has not been a spectacular week: there have been no major moves or notable news. The overall market traded more or less in a narrow trading range, with Bitcoin (BTC) being the dominant coin. And this despite yesterday’s FOMC (Federal Open Market Committee), which decided to keep its benchmark interest rate close to zero. Nevertheless, the committee signaled that there could be two rate hikes in 2023, so stocks slid a bit and gold dropped…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! After last week’s sell-off, Bitcoin (BTC) has recovered, moving towards the magical USD 40,000 level, and even flirting with it just a couple of hours away from the end of May expiry. It is a $1.8 bn expiry in options with higher open interest in higher strikes, e.g. USD 40,000/USD 45,000 and especially USD 50,000. Throughout the entire week, it felt like all dips were bought up consistently, despite the fact that most investors preferred to…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! The market has stabilised, having returned to the important $40’000 support level for BTC. Currently, this support level is being defended just before the May derivatives expiry. Bitcoin BTC (daily) The dominance of ETH eased greatly after Wednesday’s sell-off, and the spread is trading approx. 16% lower from the ATH; the current level is 0.068. The overall volume and implied short-term volatility has declined, and has almost normalised for BTC again, but remains stressed for ETH.…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! The market continued its downtrend over the weekend: Bitcoin (BTC) lost almost 15% and Ethereum (ETH) was down 19%. Bitcoin BTC (daily) For a while now, BTC has not able to outperform ETH, but the spread between them became tighter and is trading at 0.078 (from 0.082 before the weekend). Ethereum / Bitcoin ETHBTC (daily) Both coins experienced a rise in trading volumes and a spike in short-term volatility. The sharp correction derives from the derivatives…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! The crypto market was hit by some big news again. After several recent merger reports, some prominent investors announced that they would launch a new cryptocurrency exchange called “Bullish”. The exchange will offer its users new automated market making as well as lending and portfolio management tools. The entire project consists of investors, e.g. Peter Thiel, Alan Howard, Mike Novogratz, and Nomura. It has $10 bn in funding. The Elon Musk tweet about how Tesla will…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! We saw another impressive performance from Ethereum (ETH) this week. There has been almost no significant consolidation this month for ETH at all. It chased one All Time High after another. ETH is currently trading above 4’000 USD. Since the April 2021 expiry, the overall trading volume has been very high. Even the open interest in derivative products has continuously gone up, leading to bigger strike levels at 3’200 (on the downside) and 5’000 (on the…