AscendEX Sunday Briefing (11.26-12.2)
Something to remember: “if lambs suddenly grew wings, the lions would starve” Week Ahead What’s driving markets? The past week was choppy as the market digested the impact of Binance CEO CZ being forced to step down amidst the exchange’s mammoth $4B fine and forthcoming installation of a corporate monitor from the US DOJ Bitcoin dominance dwindled slightly as traders diversified out into altcoin markets, continuing the multi-week trend. BTC dominance is down roughly 4.5% since October 30th With
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AscendEX Sunday Briefing (11.19-11.26)
Nov 22,2023
Something to remember: “It’s OK to be wrong. Just don’t be confident and wrong.” Week Ahead What’s driving markets? Crypto market capitalization added 4.39% this week as bitcoin continues its rally. ETH and SOL were most notable altcoin performers, both gaining relative to BTC. October inflation numbers were down sharply, declining from 6.7-4.6% according to last week’s CPI. This reduces pressure on the US Federal Reserve to continue hiking interest rates, increasing the positive outlook for ri
AscendEX Sunday Note (11.12-11.19)
Nov 15,2023
Something to remember: “Tiger got to hunt, Bird got to fly; Man got to sit and wonder, “Why, why, why?” Tiger got to sleep, Bird got to land; Man got to tell himself he understand.” Week Ahead What’s driving markets? Federal Reserve Chairman Powell said on Thursday: "We know that ongoing progress toward our 2 per cent goal is not assured: inflation has given us a few head fakes", "If it becomes appropriate to tighten policy further, we will not hesitate to do so.” “We are attentive to the risk
AscendEX Sunday Note (11.5-11.12)
Nov 10,2023
Something to remember: “Believe those who seek the truth, doubt those who find it” Week Ahead What’s driving markets? Bitcoin snapped a 10 week uptrend in dominance, declining 2.34% this week as altcoins surged. Solana (SOL) has led the way for altcoins up 80% in the past two weeks. ETH and other altcoins finally found room to breathe against BTC amidst the spot ETF hype. This could mean that some traders believe the ETF’s approval has been fully priced in, and now are diversifying their holdin
AscendEX Sunday Note (10.29-11.5)
Nov 03,2023
Something to remember: “I would rather have questions that can’t be answered than answers that can’t be questioned.” Week Ahead What’s driving markets? 7-day moving average of spot and derivatives volume spiked by almost 50% as the possibility of a BTC spot ETF approval seems imminent Volatility has returned to the market in light of multiple unconfirmed ETF-related rumors that whipsawed the market in the past two weeks. Bitcoin’s volatility index hit its highest level since March As the market
AscendEX Sunday Note (10.15-10.22)
Nov 03,2023
Something to remember: “The greatest punishment for being unwilling to rule is being ruled by someone worse than oneself.” Week Ahead What’s driving markets? The market experienced a spot ETF approval fakeout, briefly sending BTC to $30k before Blackrock denied the rumor. The market still managed to grow 10% this week, as traders felt underallocated going into the ETF approval deadlines that are most likely to be approved in the coming months. Understandably, market gains were concentrated in B
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Weekly News Digest for Crypto
Update the latest virtual currency global news every week, defining crypto, digital assets and the future of finance.
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