Author: Daniel Kukan

Daniel Kukan is a senior trader at Crypto Broker AG. He has significant experience from previous roles and projects in investment banking with global market leaders such as UBS, Credit Suisse, Bank Vontobel, and the Zurich Kantonalbank. He has a profound experience in derivatives and in establishing business-critical intercultural operations and customer experience projects. Daniel holds a degree from the Swiss Banking School and certificates in blockchain and digital currencies from the University of Nicosia.

market commentary

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Good Morning! This week, Bitcoin (BTC) traded in a range of $3,000 between $61,000 and $64,000, as Ethereum (ETH), Solana (SOL), and Polkadot (DOT) hit new all-time highs. BTC has been more on the sidelines, with solid short-term support at $58,000, whereas other altcoins continued to rally. The Ethereum/Bitcoin (ETHBTC) spread is trading above the resistance of 0.07; it is currently at 0.074, with the potential of moving towards 0.08. The Alt Index outperformed BTC by 10% this week, whereas…

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Market commentary

Regular market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Good Morning! Bitcoin (BTC) remained very strong over the course of the trading week and outperformed almost all other coins once again. The weekly gain is more than $5,000 (+9.5%). Ethereum (ETH) started catching up towards the end of the week, and the spread is currently trading at 0.064, which is 6.5% higher than the week’s trading low of 0.06. In terms of the money volatility, Bitcoin has not changed a great deal but started to increase before the weekend…

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market commentary

Good Morning! The last (4th) quarter of the year has had an impressive start. Bitcoin (BTC) dominated the field and moved from $41,500 to $55,000 in just a couple of days. In terms of the bigger picture: the important support levels around $40,000 were left behind to trade at the resistance level of $52,000. The short-term resistance of $50,000 (and, more importantly, of $52,000) was taken rather easily. BTC is currently trading in a range of 2,000 points: between $53,000 and $55,000. Accumulation phase In the past, September was the poorest performing month for BTC on average. Additionally, on-chain data…

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market commentary

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! The trading week was more or less marked by a $4,000 trading range in Bitcoin (BTC) with a great deal of intraday up and down movements. Bitcoin defends support despite China news Despite all of the negative news out of China recently, BTC managed to protect the important support of $40,000 (blue line) rather impressively and made several attempts to detach itself from the lower levels. The general trust in the market is slowly returning as…

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market commentary

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! The market was hit by some more bad news at the beginning of the week. And this put the market into “risk-off” mode. This time it was about the insolvency of the second-largest property developer in China: the Evergrande Group. The company is snowed under by its crushing debt of $300 billion and its fear of the fallout of several bond payments. Overall uncertainty is still swirling around as a payment deadline was surpassed yesterday, and…

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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! Another regulatory storm shook the crypto market last week, as if the crypto space was not under constant regulatory pressure already. The overall market calmed down for a short period over the weekend, and some altcoins (e.g. ATOM and XTZ) continued their slow recovery from last week’s lows. Bitcoin (BTC) is trading in the last range between $44’000 and $52’000 again, not so far away from the important $40’000 support mark. Bitcoin BTC (daily) Ethereum (ETH)…

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market commentary

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! Traditional global markets continue to be concerned about an economic slowdown following another outbreak of the Delta COVID variant. Despite this, the major global indices are trading at all-time highs. During the Jackson Hole Symposium, the US Federal Reserve announced that inflation might persist longer than expected. Additionally, they were not specific about reducing their monthly bond purchases. Several cryptocurrencies – especially the alternatives to Ethereum – are also trading at all-time highs, e.g. Cardano (ADA),…

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