We believe that cash-settled crypto derivatives are much more important to institutional adoption as they allow a class of investor who is not able to hold physical crypto.
Crypto's outperformance, while requiring more trading days of context, is notable in such an aggressively risk-off session (more on the topic this week).
Crypto traders widely believe that "Litecoin Halving Event" has been a contributor to LTC outperformance.
Crypto generally has an inconsistent short-term relationship with rate moves. Unpopular Easy-Money Central Bank Policy Is One Of The Long-Term Sentimental Drivers Of Support For The Asset Class.
Crypto is generally positive albeit marginally so. Realized volatility and volumes both remain on the decline.
The crypto space is mixed this morning with 7 coins in the Top 10 negative. Volumes are again light with activity on most major venues below 30-day averages.
TRON, amid a slew of rumors this week, has slid from 10th to 12th largest crypto by market cap.
Crypto broadly higher this morning with Bitcoin holding above psychologically important USD 10,000 level. Volumes remain modest, with activity on Bitfinex, for example, only 60% of the 30-day average.
Crypto is lower this morning with only one member of the Top 10 positive. Bitcoin SV (BSV) is implementing its Quasar upgrade today, the coin has been an outperformer into the event.
Crypto is relatively unch'd this morning with news quiet after last week's DC-lead attention. Volumes are also down with activity on Bitfinex, for example, only 40% of the 30-day average.