Crypto is trending lower this morning. Volumes are a dismal ~50% of an already depressed 30-day average.
Altcoins are staging a minor recovery this morning, outperforming bitcoin which continues to hold USD 8,000 after last week's sell-off. Volumes remain above levels from earlier last week at ~1.5x the 30-day average.
A major crypto liquidation has taken place over the last 18-hours with some Top 10 altcoins declining over 30% at times. Volumes have jumped with 24-hour activity nearly 7x the 30-day average.
While an approved bitcoin ETF would be a positive headline for sentiment, we do not think it is necessary for bitcoin and crypto to see broad-based investment adoption.
Binance Coin (BNB) Has Had Poor Performance Lately, With The Exchange Suffering Several Setbacks - We Provide An Overview And Insights
More of the same to start the week with crypto prices mixed and volumes quiet. Bitcoin has almost exclusively traded in a $200 band since Thursday.
Crypto prices mixed again this morning with only bitcoin (BTC), Ether (ETH) and Monero (XMR) positive in the Top 10. Exchange volumes are back to some of the lowest levels we've seen this year.
Crypto was marginally lower this evening as bitcoin (BTC) continues to consolidate. Markets are quiet with volumes only 80% of a shrinking 30-day average.
Crypto is higher this morning. Volumes are generally up from the last week of August but remain below the 30-day average.
Crypto is on balance lower this morning. Volumes are declining with 24-hour activity in the range of 60% of what it was this time yesterday.