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.

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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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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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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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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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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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! After breaking through $50,000 and trading a notch higher for a while at the beginning of the week, the market has calmed down and is consolidating at healthy levels. One of the major drivers of this bull run was most definitely the derivatives products. We saw massive call option buyers in the 50,000 strike, and the funding in the perpetual futures widened substantially. The situation has relaxed in the meanwhile, and the premiums eased just before…

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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! Generally speaking, interest has shifted away somewhat from bitcoin and ether towards altcoins. However, the overall trading volume, funding rate, and implied volatility in bitcoin and ether has not changed a great deal over the last couple of days. A smaller consolidation took place, which can be considered healthy as long as we hold the support levels of $40,000 in bitcoin and $2,900 in ether. Investors have been favouring several altcoins in particular, e.g. XRP, DOT,…

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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! The overall situation for Bitcoin (BTC) is calming down now towards the weekend, and the trading range is currently moving within the $2’000 level. Bitcoin BTC (daily) Ethereum (ETH) is definitively in the spotlight. This is due to the traded volume and the open interest of derivatives products. In general, the spread between both coins is still trading at the resistance level of 0.069. Currently, the most prominent option strike in ETH is the $5’000 strike;…

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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! It was a tense weekend, which was kickstarted by ETH’s London fork on Thursday, August 5th. Ethereum ETH (daily) Ethereum (ETH) reached a level of $3,200, breaking the $2,850 resistance, and gaining more than 20% at the highest level. Before the weekend started, the spread between ETH/BTC also moved towards 0.073. Currently, the situation has relaxed a bit, and we are currently trading at a level of 0.067 – just below the important resistance level of…

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An overview of the trading activities on the cryptomarkets. Studies on traded volumes, supply and demand situations, as well as periodic technical analysis of the most important crypto-currencies and indices, including the perspective of professional Traders. Technical Analysis Good morning! Bitcoin BTC (4h) Even after the July expiry – with big open interest in derivatives – Bitcoin (BTC) is still trading in a range of 30’000 USD and 40’000 USD. Over the weekend, BTC attempted to break through the 42’100 USD level twice, and eventually returned to trading around 40’000 USD. The short-term range of 36’000 USD and 40’000 USD…

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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! It was a pretty quiet weekend in terms of volume, but not necessarily in terms of market moves. Bitcoin BTC (daily) Bitcoin (BTC) went from 39’000 USD to 42’000 USD, and then straight back down to 40’000 USD. After the July expiry on Friday, there were two attempts to break the 42’000 USD resistance. The winner of the weekend was clearly Ether (ETH), gaining approx. 8% over bitcoin ahead of the August 4th fork, implementing EIP-1559.…

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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! Crypto adoption is growing daily. In the last few months, we have been seeing massive amounts of capital/investment continue to pour into blockchain and cryptocurrency companies from venture capital and direct investment. One example is crypto startup Fireblocks, which raised 310M USD in a Series D, tripling its valuation to 2.2B USD. The customer base increased to about 500 compared to 150 in January 2021. Another example is the FTX exchange, which has raised the largest…

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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! Front month implied volatility and trading volume is dropping further now towards the July expiry. The overall term structure is very steep, with shorter maturities being traded much lower than longer tenors. In general, a roll-over of short July positions into September makes a great deal of sense. ETH volatility is holding up better compared to BTC, although the spread between them has also traded lower throughout the entire week. Despite all of the market facts,…

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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! Currently, the overall market is still consolidating and trading in a tight range. It feels to me like the market gets sold off during Asian hours and bought back during American hours. In terms of the bigger picture: bitcoin’s range between 30’000 USD and 40’000 USD is still valid, and is causing implied volatilities to tumble in the front months. Bitcoin BTC (daily) The spread between Ethereum (ETH) and Bitcoin (BTC) has not changed a great…

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Stellar
not USD!
Cardano
not USD!
Ethereum (ETH)
not USD!
Dogecoin (DOGE)
not USD!