Sygnum House View
After an initial decline at the beginning of March, the crypto market staged a 30 percent recovery. Bitcoin rose back up to the levels seen at the beginning of the year. For the first time in several months, bitcoin was an underperformer. Despite their recent outperformance, many other major tokens as well as the overall market continue to trade below the levels seen at the start of the year.
The Sygnum Asset Management team review news, trending topics and regulation that are influencing the digital asset markets. The Sygnum sentiment analysis in the report includes a set of market indicators assessing the market, based on the various states of the indicators. Our market analysis gives a month-by-month overview of the performance for several of the top crypto assets and DeFi tokens. Each month the team also highlights a development in the markets, illustrating this with key data. In review this month: the correlation between Bitcoin and equity.
With the Sygnum House View, you can access the latest monthly updates from our digital asset investment experts to keep you up to date with the crypto asset market and product developments.
The Sygnum House View is available to professional and private qualified Swiss investors. For other updates on the digital asset markets, read our Insights articles here.