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    You are at:Home » Markets » Market Review » Market commentary, 08.11.2021
    market commentary

    Market commentary, 08.11.2021

    0
    By Patrick Heusser on 8. November 2021 | Updated 12. November 2021 Market Review

    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!

    What is Barry Silbert (founder and CEO of Digital Currency Group) trying to tell us?

    https://twitter.com/BarrySilbert/status/1457494228301488133

    I have some ideas, but it is mainly just speculation. The most obvious message: Might Grayscale be getting ready to transform their Bitcoin (BTC) and Ethereum (ETH) trust into an ETF? If I look at the Greyscale premium/discount chart, it does not look that way.

    MK
    Premium of the Grayscale Bitcoin Trust compared to the Bitcoin spot price

    We are still roughly 15% below the BTC spot price. But his tweet and the price action that followed indicates that the market is expecting some positive momentum (even though we are all just fishing for a reason). Nevertheless, it will be an exciting week. We are so close to a bitcoin all-time high.

    Bitcoin shows a correlation above 0.6 with US real yields and more sensitivity to sovereign risk, while open interest sits near USD 37 billion. Market Review

    Bitcoin Between Sovereign Risk Hedge and High-Beta Asset

    Switzerland takes sixth place among 15 financial centers in the SBF benchmark, leading in law and DLT infrastructure but trailing on speed. Legal & Compliance

    Switzerland ranks sixth of 15 in new crypto benchmark

    Financial Products

    Memecoins on Robinhood Chain distort tokenized stock prices

    Financial Products

    Memecoins on Robinhood Chain distort tokenized stock prices

    Bitcoin BTC/USD (daily) / Chart: Tradingview

    Enjoy the ride!


    Copyright © 2021 | Crypto Broker AG | All rights reserved.
    All intellectual property, proprietary and other rights and interests in this publication and the subject matter hereof are owned by Crypto Broker AG including, without limitation, all registered design, copyright, trademark and service mark rights.

    Disclaimer
    This publication provided by Crypto Broker AG, a corporate entity registered under Swiss law, is published for information purposes only. This publication shall not constitute any investment  advice respectively does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. This publication is not intended for solicitation purposes but only for use as general information. All descriptions, examples and calculations contained in this publication are for illustrative purposes only. While reasonable care has been taken in the preparation of this publication to provide details that are accurate and not misleading at the time of publication, Crypto Broker AG (a) does not make any representations or warranties regarding the information contained herein, whether express or implied, including without limitation any implied warranty of merchantability or fitness for a particular purpose or any warranty with respect to the accuracy, correctness, quality, completeness or timeliness of such information, and (b) shall not be responsible or liable for any third party’s use of any information contained herein under any circumstances, including, without limitation, in connection with actual trading or otherwise or for any errors or omissions contained in this publication.

    Risk disclosure
    Investments in virtual currencies are high-risk investments with the risk of total loss of the investment and you should not invest in virtual currencies unless you understand and can bear the risks involved with such investments. No information provided in this publication shall constitute investment advice. Crypto Broker AG excludes its liability for any losses arising from the use of, or reliance on, information provided in this publication.
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    About the author

    Patrick Heusser
    Patrick Heusser

      Patrick Heusser is Head of Trading at Crypto Broker AG. Prior to joining the company, Patrick worked as an Interest Rate Trader at UBS and held various positions in the IRCC (interest rate, commodity and foreign exchange trading) in London, New York, Singapore and Zurich. Patrick is an expert in trading and risk management. He also gained experience in other areas, such as building start-up companies. Patrick has a degree in banking from a business school. He has also taken various courses in technical chart analysis.

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