Sygnum House View
The crypto market proved extremely resilient in the face of regulatory topics in the last few weeks. Crypto also decoupled from macro asset classes, which have been under pressure. As equities, bonds and credit all marked a month of negative performance in February, Bitcoin (BTC) ended the month almost exactly where it started, with 0 percent change in performance. Ether (ETH) rose slightly, appreciating 1.2 percent. Similarly, the overall market (S&P Broad Crypto Market Index) rose 1.9 percent. The overall flat performance disguises a 5-10 percent drop mid-month on regulatory news, followed by a strong rebound.
Read our House View report in the link below, from the Sygnum Asset Management team, for a review of news, trending topics and regulation that are influencing the digital asset markets. The Sygnum sentiment and market analysis give a performance overview for key metrics and the top crypto assets.
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.