Bitcoin reversed its three-month downtrend, gaining ~18% during the month after entering around $19,800 and finishing near $23,300. While the macro backdrop continued to be challenging with rising inflation and negative growth in many jurisdictions, risk assets generally performed well.
The rise of cryptoassets and the institutionalization of the ecosystem has caused investors to debate whether crypto is a new asset class. This report dives into crypto’s development and evolution, evaluates the impact a crypto allocation could have on a traditional investment portfolio, and
Bitcoin’s three-month downtrend accelerated in June, with bitcoin falling ~38% during the month after entering around $31,800 and finishing near $19,800. The majority of losses came during the middle of the month and were due to several reasons.
Today we are excited to announce the launch of our corporate NFT collection: the GSR Blue collection.
Bitcoin continued in its trend downwards in May, falling ~16% after entering the month around $37,700 and finishing at $31,800. The majority of losses came during the first third of the month as bitcoin fell for several reasons.
In a nutshell, DeFi connects financial users without an intermediary. DeFi is an abbreviation for decentralized finance, and it is often deemed as an ecosystem of financial tools and applications “roaming” on the internet.
Two weeks ago, the TerraUSD (UST) stablecoin depegged from $1.00, bringing down the Terra blockchain and destroying over $40b in value from UST and LUNA alone. We review what happened in this week’s Chart of the Week.
Bitcoin broke its streak of two positive months, falling 17% after entering April around $45,500 and finishing at $37,700. Barring mid-month sideways action, the apex digital asset fell steadily throughout the month alongside broader risk markets.