Author: Editorial Office CVJ.CH

Bitcoin USD daily basis Bitcoin USD Chart Analysis – First Consolidation Accompanied by High Volatility The new all-time high which was reached on Friday of the previous week remains in place for the time being. At the weekend, a first consolidation set in, which was initiated on Sunday with increasing selling pressure. This brought the daily low price at the end of the week back to the 35’200 USD. This was followed on Monday by an impressive selling wave, which led the Bitcoin price back to a daily low of 30,500 USD with record volume. Remarkably, the daily close took…

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. The story of the German programmer Stefan Thomas, who lost access to his Bitcoins worth over 250 million Swiss francs, has made headlines this week. In order to understand such incidents in some depth, a trip into Bitcoin’s price history and unique characteristics is worthwhile. The first trade of Bitcoins for dollars is said to have taken place in July 2010. Sources refer to…

The Swiss Stock Exchange welcomes ETC Group as a new ETP issuer. With the listing of the BTCetc Bitcoin ETP (Primary Ticker: BTCE) by ETC Group, the Swiss Stock Exchange is strengthening its position as world leading marketplace for regulated crypto products. “We welcome ETC Group to the family of ETP providers offering their products at SIX. With the new product, investors gain access to 100 different crypto products trading on our platform and with this have even more opportunities to diversify their portfolio.” – Christian Reuss, Head SIX Swiss Exchange, Markets, SIX. The Swiss Stock Exchange, the world’s leading…

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: Markets are in full-on price discovery mode with price swings now as extreme as the March market crash. Trading Volume: While the majority of Bitcoin trade volume occurs against Tether (USDT), the proportion of Bitcoin – U.S. Dollar volume has grown since the bull run commenced, indicating an institutional presence. Order Book Liquidity: There is…

The complete overview of the day’s events in the (crypto) markets. Concisely summarized in a market commentary by the CVJ.CH editorial team. Market Commentary Bitcoin (BTC) was not impressed by the chaos in the US and rose to a new all-time high of over 38,000 US dollars today. In fact, Bitcoin’s parabolic price rise has allowed it to break into the top 10 global assets by market capitalization. Depending on the source, the exact rank varies. CompaniesMarketCap currently sees the cryptocurrency at number 11, just behind Tesla. This also brings Bitcoin closer to the market capitalization of the precious metal…

The Office of the Comptroller of the Currency (OCC) has published new guidance on Blockchains and Stablecoins in the United States. Licensed US banks are now allowed to use decentralized networks and regulated stablecoins for payments. The regulator already showed itself to be Blockchain-friendly six months ago, when it granted U.S. banks permission to hold crypto – a landmark decision. Now the OCC has commented on so-called stablecoins, cryptocurrencies linked to the price of fiat currencies such as the U.S. dollar. It is a hot topic given the strong stablecoin growth in 2020, as well as the initiatives on central…

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. This week in the cryptomarkets: Price Movements: Bitcoin markets are far more efficient today than they were three years ago, measured by comparing price discrepancies across exchanges. Trading Volume: Bitcoin-Dollar volumes have not managed to top 2017’s peak in large part due to the dispersion in volume across Bitcoin-Tether pairs. Ethereum close to ATH: Ethereum (ETH) has started catching up with Bitcoin, ended the…

As 2020 draws to a close, here’s a roundup of the year’s best charts and analysis. Data is central to understanding cryptocurrency markets so this report is designed to cover all the crucial market events of 2020 – a compilation of 50+ data-driven analyses and in-depth reports. While this past week was hands down one the most eventful of the year (Bitcoin broke $27k, XRP tanked following SEC lawsuit) we are closing our final market review of 2020 with a slightly different format, showcasing the charts that best encapsulate this turbulent year. 1. March: The “Black Thursday” Market Crash The…

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple. The FinTech company is accused of selling unlicensed securities in the form of its XRP tokens. Exchanges and asset managers are removing the cryptocurrency from their offerings. Last week, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen. It claimed the company violated laws against the sale of unregistered securities when it sold XRP to investors. The community mainly sided with the SEC in this case, as the cryptocurrency is highly centralized and Ripple has already fired…

Zug-based “crypto bank” SEBA has announced the completion of its Series B funding round and plans to expand its digital asset services both in its home market and internationally. The additional shares are also expected to be tokenized in the near future. In August 2019, SEBA Bank was among the first financial services providers in the digital assets sector to receive a banking license from the Swiss Financial Market Supervisory Authority (FINMA), alongside Sygnum. Now, the crypto bank successfully finished a Series B Fundraising, which aims to ensure accelerated growth including the international market. Second capital increase for further growth…

Ripple, the company behind the third largest cryptocurrency XRP, is awaiting a lawsuit from the United States Securities and Exchange Commission (SEC). The FinTech firm is being accused of selling unlicensed securities in the form of its XRP tokens. The U.S. Securities and Exchange Commission (SEC) will file a lawsuit against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen, according to a statement from the CEO. They claim the company violated laws against the sale of unregistered securities when it sold XRP to investors. Ripple expects the lawsuit to be filed before Christmas. Update 12.23.2020: The SEC has now officially…

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. This week in the cryptomarkets: Price Movements: Bitcoin’s new all time high above $24k ushers in an entirely new era of price discovery as the cryptoasset enters (literally) uncharted territory. Trading Volume: The majority of all BTC-USD volume occurs during the week, and not on weekends, indicating an institutional presence in cryptocurrency markets. Order Book Liquidity: Bid and ask depth plunged and spreads nearly…

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. Bitcoin reached a new all-time high this week just shy above USD 24,200. The recently published news about concrete institutional investments are likely to have made their contribution to the price appreciation. Besides individual tech companies like MicroStrategy and Square, for the first time an insurance company announced a Bitcoin allocation. This prompted major U.S. bank JPMorgan to take another look at the cryptocurrency.…

The world’s largest financial derivatives exchange, CME Group, is planning to launch futures for Ether (ETH) next year. The first cryptocurrency they have listed was Bitcoin (BTC) in late 2017, Ether will be the second one due to increasing client demand, according to CME. CME Group, the world’s leading derivatives marketplace, announced that it intends to launch Ether (ETH) futures starting February 8, 2021, pending regulatory review. The new contract will be cash-settled, based on the CME CF Ether-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of Ether. Ether futures will be listed…

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. This week in the cryptomarkets: Price Movements: Ethereum’s spectacular YTD returns and promising fundamental developments have attracted increased institutional interest over the past few months. Trading Volume: The most Bitcoin-Dollar trading occurs during the overlap between U.K. and U.S. trading hours. Volatility and Correlations: Bitcoin and Gold’s correlation turned negative for the first time since early July. Order Book Liquidity: Bid-ask spreads appear to…

One of the largest U.S. insurance companies, Massachusetts Mutual Life Insurance Company (MassMutual), is acquiring a minority stake in Crypto asset manager NYDIG, while making a $100 million Bitcoin investment for its general investment fund. MassMutual is a U.S. based insurance company that serves five million customers worldwide. With over $37 billion in revenue, it is one of the largest companies in the Fortune 500 by revenue. Yesterday, they announced an investment in NYDIG, which focuses on custody of digital assets for institutional investors. They also invested $100 million of their general investment fund in Bitcoin. First insurance company with…