Author: Editorial Office CVJ.CH

Binance is the world’s largest cryptocurrency exchange with daily volumes averaging $20B+. Its competitors include Coinbase and Kraken, though Binance is by far the market leader for spot and derivative activity. BNB is their exchange token and has gained some attention recently. There are various ways to buy cryptoassets, an ETP is an option amongst many while a crypto exchange is another. BNB can be seen as a proxy for the exchange’s success the demand for users and market makers for using its platform — as we detail in our research report. Since the start of the year, BNB has…

A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. The last 7 days in the cryptomarkets: Price Movements: Following historic all time highs and declining intraday volatility, Bitcoin and Ethereum crashed precipitously Monday morning. Trading Volume: The falling ratio of U.S. Dollar to Tether volume suggests institutional traders have taken a step back in February. Order Book Liquidity: Market depth plummeted during this morning’s crash, briefly causing a flash crash for ETH-USD on…

Bitcoin USD daily basis Bitcoin USD chart analysis – resumption of the parabola During the reporting week, the phase of price accentuation, which started in the previous week, was consistently continued. Monday saw the continuation of the recent consolidation at the level of 48,000 USD, which was already established the week before. This began to develop after the rapid rise of February 8 and was characterized by higher lows and slightly higher highs, which mostly occurred above 49,000 USD. On Tuesday, the market started a first attempt to advance into higher spheres. This led within the day for the first…

The Swiss pioneering fintech ETP issuer, 21Shares AG. has officially passed the $1 billion mark in assets under management across its diversified 12 crypto asset ETPs. In just over 2 years, 21Shares AG has witnessed a 200-fold increase in its assets and joined the select elite ETF/ETP issuer list with over $1 billion in assets. The success of the Swiss startup can largely be attributed to two phenomena: A rapid appreciation and acceptance from institutional investors in the crypto asset industry. Since its lows of USD$ 5,000 in March 2020, Bitcoin has grown to over $55,000 in February 2021. Furthermore,…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact way in retrospect in our weekly review. In recent months, a few companies have announced that they have invested part of their liquid assets into Bitcoin. The most prominent example is the car manufacturer Tesla. Can this be seen as an emerging trend? What is certain is that institutional interest in the digital currency is beginning to increase. This could be seen, for instance, in the active participation of the information…

We live in an age of digital disruption that has accelerated over the last year. Central banks are unleashing record levels of monetary stimulus, while technology continues to rapidly reshape our global economy. Thoughts on the future of digital assets by Rupertus Rothenhäuser. It has shown us that conventional thinking will not bring the answers for what lies ahead. In the midst of this change, crypto assets are emerging as a “safe-haven” asset for institutional investors looking for alternative stores of value for their investment portfolios. There is a new asset class emerging – crypto assets. It is an asset…

Most finance executives are not interested in Bitcoin as a corporate investment according to a recently published survey by the U.S. research firm Gartner. The reason for this among most respondents is the high volatility of the crypto asset. Although a growing number of tech companies have invested in Bitcoin in recent months, many executives do not seem impressed. Of 77 finance executives (including 50 CFOs), nearly 84% are not interested in investing, according to a survey by research firm Gartner. Conversely, however, it can also be stated that one in five decision-makers is considering an investment. Compared to the…

A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. The last 7 days in the cryptomarkets: Crypto Adoption: There have been a lot of new exchange-traded products (ETPs) and indices on traditional exchanges, making it easier for investors to gain exposure to the crypto market. Price Movements: The bull run has officially spread to all sectors of crypto with new record highs for BTC, ETH, DeFi tokens, exchange tokens, and Dogecoin (yes, really),…

Innovations of blockchain-based banking have recently gained a lot of traction. The architecture of decentralized finance (DeFi) can create an immutable and highly interoperable financial system with unprecedented transparency, equal access rights, and little need for custodians. The St. Louis Federal Reserve Bank has recently published an in-depth paper by Fabian Schär (Professor at the University of Basel) on the sector of decentralized finance (DeFi). They propose a multi-layered framework to analyze the implicit architecture and the various DeFi building blocks. Blocks including token standards, decentralized exchanges and debt markets, but also blockchain derivatives and on-chain asset management protocols without…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Break of the Last Resistance Leads to Another All-Time High A noteworthy reporting week is behind us. On Monday already, a convincing break through the all-time high of the 8th of January followed. This helped Bitcoin to gain almost 20% and let the price close at USD 46,430. The bulls had already used the successful breakout from a negative chart formation in the previous week to approach the previously reached all-time high. The news of Tesla’s Bitcoin investment therefore came at the right time to mark a new all-time high. On…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact way in retrospect in our weekly review. This week Bitcoin once again made it into the headlines of traditional media. The reason was a Bitcoin investment of $1.5 billion by the car manufacturer Tesla. The amount invested represents about 8% of the company’s total liquidity. The corporation also plans to consider precious metals such as gold and silver as a liquidity substitute in the future. The announcement came a few weeks…

Credit card company Mastercard announced this week that they will accept “select crypto currencies” as payment. Their focus will primarily be on centralized stable-coins and central bank digital currencies (CBDCs), not Bitcoin & Co. According to the company, there is no denying that digital assets are taking on an increasingly important role as a means of payment. Through its partner program with crypto companies, it has been possible to make purchases with crypto currencies for some time. Now Mastercard is looking to bring isolated crypto assets directly to their network. Impressive growth of Stablecoins Last year, the market capitalization of…

The Crypto Valley is known to be one of the most “crypto-friendly” regions in the world. But what specifically is happening within the Blockchain ecosystem? The “Crypto Valley Roundup” aims to provide insight and highlights from selected events every two months. With the first Blockchain companies settling in the area of Zug from 2013 onwards, the term “Crypto Valley” was soon born in reference to the “Silicon Valley”. Thanks to politics and regulation, Switzerland was able to create the necessary legal certainty for a flourishing ecosystem around Blockchain and cryptocurrencies at an early stage. The regulator, which provides the necessary…

A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. The last 7 days in the cryptomarkets: Price Movements: Tesla revealed that they have purchased $1.5B in Bitcoin, which instantly caused the price to shoot to a new all time high above $44k (and in the process, crashing several of the world’s largest exchanges). Ethereum also reached a new ATH ahead of its CME futures debut. Trading Volume: The average trade size for ETH-USD…

The crypto tweets of Elon Musk, CEO of Tesla and currently the richest man in the world, gathered a lot of attention over the past few weeks. Now it has been revealed that Tesla has invested $1.5 billion in Bitcoin, and the company plans to accept it as a payment method in the future. Elon Musk attracted increased attention last week with crypto-related social media activities. He changed his Twitter profile to #Bitcoin and tweeted often about the altcoin Dogecoin (DOGE), a cryptocurrency created from a copy of the Bitcoin code and originally introduced as a joke. He then took…

A comprehensive overview of the latest developments in the (crypto) markets. Concisely summarized in a market commentary by the CVJ.CH editorial team. Market Commentary Bitcoin (BTC) After the consolidation phase at around $36k a week ago, a selling wave led the Bitcoin (BTC) price back to the 50-day average (light blue line). Since the all-time high at around $42k, a short-term bearish trend consequently formed. This was broken at the end of January and Bitcoin is again eyeing the ATH. The strength of Bitcoin’s support below the $30k mark has now become apparent. We may still be in a consolidation…