2019-1-26 07:00 |
Yet another tool for analyzing the crypto markets has been born. With special thanks to the team at LedgerX, the US regulated Bitcoin spot option platform, we can see the first major bitcoin volatility index (ticker: LXVX).
Here we can see bitcoin’s volatility slipping over the last month.
As the market grows, we’re seeing more mechanisms for gauging and evaluating cryptoassets emerging at a rapid pace. I’ve been in touch with several innovative companies in the last few weeks and days.
By the end of 2019, we’ll have many more tools for gaining deeper insight into various cryptoassets and this entire up and coming market.
@MatiGreenspan
eToro, Senior Market Analyst
Shutdown: Day 35 | Days to Brexit 63
The Mood at Davos
Kripto Data
Please note: All data, figures & graphs are valid as of January 25th. All trading carries risk. Only risk capital you can afford to lose.
Traditional MarketsTwo competing proposals to end the US government shutdown were shot down in the Senate yesterday.
The Republican proposal, which contained $5.7 billion to fund Trump’s border wall, fared slightly worse than the Democrat’s plan to omit it. To the President’s dismay, 6 Republican Senators voted in favor of the Democrats’ budget proposal.
Some think that this could urge the president to come back to the negotiating table. I guess we’ll need to wait for his morning tweets to see.
One good thing that may have come from the shutdown is that the Fed may now take a more supportive stance. The Fed often claims that they’re “data dependent.” However, with the parts of the government responsible for reporting retails sales data, housing, and GDP figures out of order, the Fed has little to go on.
Some economists feel that given the lack of data, the Fed may have no choice but to take a dovish stance, which could indicate that they won’t hike rates any time soon.
Whatever the reason, stocks are pushing higher today…
The Mood at DavosAccording to professor Schiller, he’s seeing a lot more ideologues at this year’s event and fewer business types. According to a poll of CEOs the outlook for global growth is certainly darker than it was last year.
What I am happy to report is that it seems like the crypto presence at Davos has increased. Though there seem to be fewer crypto advocates on the official WEF pannels, the city of Davos at this time is filled with high profile visitors from around the world.
Last year, there were two buildings full of crypto people. Apparently, this year there is an entire street!
Kripto DataIn yesterday’s market update I sent out a request for more resources and/or data to try and measure how crypto is performing in the countries where adoption is growing out of necessity.
It wasn’t exactly what I was looking for but the team at Krip Mobile sent me their press release where they announced that in the two and a half months since they’ve begun operations they’ve managed to sell 66,000 Dash-enabled smartphones, 53,000 of which have been sold in Venezuela.
There’s a lot going on in Caracas right now and we hope that it progresses towards a speedy and peaceful resolution for the weary citizens of Venezuela.
In the meantime, Bitcoin and the Dash ecosystem continue to provide a valid alternative to the rapidly depreciating Bolivar, fulfilling the dream of Satoshi Nakamoto by providing free and independent money.
As always, please feel free to reach me directly at any time with any further questions, comments, feedback, or insights. Let’s have a very peaceful weekend.
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This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared to utilize publicly-available information.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.
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