Sygnum House View
The 6-month long bearish sentiment in crypto was compounded in May by the collapse of Terra, one of the top ten cryptocurrencies and the stablecoin the project supported – the third largest stablecoin at the time. As a consequence, the market dropped over -30 percent in the first half of May, and continued trading sideways afterwards, ending the month with a +10 percent recovery over the last two days.
Read our House View report below where the Sygnum Asset Management team review news, trending topics and regulation that are influencing the digital asset markets. Our Sygnum sentiment analysis in the report includes a set of market indicators and our market analysis gives a month-by-month performance overview for several of the top crypto assets. In review this month: Fundamentals and valuation of the crypto market.
With the Sygnum House View, you have 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.