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The state of crypto – September 2023

From home.saxo

The crypto market continues to show absolutely zero sign of life, similar to the past couple of months. The spot volume is at a 4.5-year low, fueled by non-existing volatility. It appears that no new capital flows into crypto, especially from retail investors amid macro uncertainty and high-interest rates, so the crypto market is now only cared about by die-hard crypto enthusiasts. The positive aspect, though, is that it appears that these die-hard crypto enthusiasts accumulate crypto, including Bitcoin and Ethereum, as the percentage of these cryptocurrencies on exchanges remains on a downward trajectory ... (full story)

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  • Category: Fundamental Analysis