Market Updates by YouHodler Analysts
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Todays notes and observations:
BTC volatility certainly remains at a low level. In our opinion, the summer vacation season definitely leaves its mark on this fact. In addition, the still rising interest rates on the market forced players to withdraw some of the liquidity from cryptocurrencies before the upcoming summer holidays. However, it is already noticeable that players are returning to the financial and cryptocurrency markets after the end of the holiday season. Gradually, volatility begins to recover. We don't expect September to be as low-volatility as August. However, it is worth remembering that the fiscal year ends in September in the United States. Which very often causes the liquidation of positions in the portfolios of traders and investment managers upon its completion. Do not forget that cryptocurrencies have already firmly entered our lives and are present in most investment portfolios of investors. Therefore, the fact of fixing profits in the general portfolio may also affect the sale of cryptocurrencies in particular in September as well. Which can cause negative dynamics for a number of some cryptocurrencies.
BTC volatility certainly remains at a low level. In our opinion, the summer vacation season definitely leaves its mark on this fact. In addition, the still rising interest rates on the market forced players to withdraw some of the liquidity from cryptocurrencies before the upcoming summer holidays. However, it is already noticeable that players are returning to the financial and cryptocurrency markets after the end of the holiday season. Gradually, volatility begins to recover. We don't expect September to be as low-volatility as August. However, it is worth remembering that the fiscal year ends in September in the United States. Which very often causes the liquidation of positions in the portfolios of traders and investment managers upon its completion. Do not forget that cryptocurrencies have already firmly entered our lives and are present in most investment portfolios of investors. Therefore, the fact of fixing profits in the general portfolio may also affect the sale of cryptocurrencies in particular in September as well. Which can cause negative dynamics for a number of some cryptocurrencies.
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30.08 Market Analysis
The Grayscale win is a very positive factor for the future of crypto, but the internal market events will have a limited effect on the price of digital assets in the near future because of the current tension in the traditional markets and the global economy. Bitcoin has a great chance to come back in the upward trend channel of this year, at the same time we don't expect any sharp growth while there is uncertainty regarding a possible soft landing in the US. However, recently underlined by many analysts low volumes of BTC trading are not exactly mean sign of a bear market. It is true that buyers are waiting better moment to enter the market, but on the other hand, we don't see many sellers as well. Also, the market is more healthy and transparent with fewer manipulations and wash trading, so simply there are much fewer fake volumes now than it was during previous years.
The Grayscale win is a very positive factor for the future of crypto, but the internal market events will have a limited effect on the price of digital assets in the near future because of the current tension in the traditional markets and the global economy. Bitcoin has a great chance to come back in the upward trend channel of this year, at the same time we don't expect any sharp growth while there is uncertainty regarding a possible soft landing in the US. However, recently underlined by many analysts low volumes of BTC trading are not exactly mean sign of a bear market. It is true that buyers are waiting better moment to enter the market, but on the other hand, we don't see many sellers as well. Also, the market is more healthy and transparent with fewer manipulations and wash trading, so simply there are much fewer fake volumes now than it was during previous years.
YouHodler
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06.09 Market Analysis
In the next few weeks, the global financial markets, including cryptocurrencies, will have to go through significant events.
The first is the triple expiration of futures and options on US exchanges. Waiting for the expiration of monthly, quarterly and three quarterly contracts. It often happens that the dynamics of quotes of traded assets, including cryptocurrencies, changes to the opposite in the medium term shortly after the expiration period ends. In addition, the US fiscal year ends on September 30.
In our opinion, these two very important events will soon cause quite a volatile reaction both in the stock markets and in the cryptocurrency markets. We expect increased volatility in the crypto market caused by the shake-up of investors' portfolios in the medium term..
In the next few weeks, the global financial markets, including cryptocurrencies, will have to go through significant events.
The first is the triple expiration of futures and options on US exchanges. Waiting for the expiration of monthly, quarterly and three quarterly contracts. It often happens that the dynamics of quotes of traded assets, including cryptocurrencies, changes to the opposite in the medium term shortly after the expiration period ends. In addition, the US fiscal year ends on September 30.
In our opinion, these two very important events will soon cause quite a volatile reaction both in the stock markets and in the cryptocurrency markets. We expect increased volatility in the crypto market caused by the shake-up of investors' portfolios in the medium term..