Author: Editorial Office CVJ.CH

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Correction Starts After New ATH At the beginning of the reporting week, on Monday already, increasing declines led to a considerable price drop after reaching a new all-time high at 58,500 USD on Sunday. The sharp correction on Monday led back to a low of 46,573 USD in the course of the day, which corresponded to a minus of over 20% compared to the previous day. Although the price recovered back above 54,000 USD by the daily close, the market impressively signaled a stalling of the previous week’s bullish momentum. Accordingly,…

A comprehensive overview of the latest developments in the (crypto) markets. Concisely summarized in a market commentary by the CVJ.CH editorial team. Marktkommentar Bitcoin (BTC) After the consolidation phase between $30’000 and $40’000, Bitcoin (BTC) was able to reach a new all-time high at around $58’000. Now, a selling wave has led the price back to $45’000 – a correction of 23%. Despite the sharp correction (which is not unusual for cryptocurrencies) the macro trend seems to be intact. A large number of Bitcoin continue to be sent into self-custody by exchanges, which has already led to a shortage on…

A working paper of the Swiss National Bank (SNB) proposes a privacy-friendly token-based payment system. The retail CBDC is not based on the distributed ledger technology (DLT) and meets regulatory requirements in a convincing manner. With the emergence of cryptocurrencies and various stablecoins, central banks face an important decision. The options are to either leave the field to private players, or to offer their own digital alternative to physical cash. The SNB’s published working paper shows how a central bank could improve the cash payment system. The authors indicate that the system would not significantly affect monetary policy, nor financial…

How will blockchain technology affect our lives? Can digital currencies establish themselves as an asset class? The questions that arise in the world of crypto seem limitless. We limit ourselves to five and turn to experts in the field. The development in the blockchain and cryptocurrency space as well as the rapidly growing ecosystem around the new technology is fascinating. Behind it are people who believe in this innovation from the bottom of their hearts. People with a pronounced passion for the field, contagious enthusiasm and entrepreneurial spirit. In the CVJ.CH format “5 questions”, prominent and respected specialists and entrepreneurs…

By market capitalization, the cryptocurrency “USDT” is the largest and most widely used stablecoin. The company behind it, Tether, has come under fire several times in recent years. The prosecutor’s case against the firm and exchange Bitfinex has now been dropped. Tether and Bitfinex announced that they have reached a settlement with the New York Attorney General’s Office. The settlement cost the Tether consortium $18.5 million. Among other things, they were originally accused of not fully backing their cryptocurrency USDT. After two and a half years of legal dispute, the parties have agreed to end the matter. Crypto exchange Bitfinex…

Non-fungible tokens (NFTs) are unique and cannot be replicated. As such, they are often used to digitally represent artwork on a Blockchain. The NFT market has been gaining momentum, especially in recent months, but there still exists much untapped potential. The market saw amazing growth last year, and not just by expanding use cases. Buyers and sellers outbid each other, and many artists and distributors made big profits. At least that’s according to the 140-page annual report published by NFT analytics firm NonFungible.com and foresight firm L’Atelier. Taken into account are transactions of selected NFT tokens on the Ethereum Blockchain.…

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…