House View

Sygnum House View – Dec 2022

The crypto market appreciated slightly at the beginning of November as macro sentiment was turning more positive. Just as it was looking like the market bottomed out, news of the FTX fraud hit and the market dropped about 30 percent. It has, however, stayed surprisingly stable and resilient since, and recovered slightly towards the end of the November. Due to the systemic nature of the events, there was little difference between the performance of the leading tokens. Bitcoin ended the month down 16.2 percent, Ether was down 17.6 percent, and the overall market was down 17.1 percent. Bitcoin traded between USD 15,599 and 21,447 in November, and Ether traded between USD 1,081 and 1,661.

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. The Sygnum sentiment analysis and the market analysis gives a month-by-month performance overview for several of 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.

Disclaimer

This document is purely for educational purposes and has been issued by Sygnum Group. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication. It does not constitute an offer or a recommendation to subscribe, purchase, sell or hold any security or financial instrument. It contains the opinions of Sygnum Group, as at the date of issue. These opinions and the information contained herein do not take into account an individual‘s specific circumstances, objectives, or needs. No representation is made that any investment or strategy is suitable or appropriate to individual circumstances or that any investment or strategy constitutes personalized investment advice to any investor. Therefore, you must verify the above and all other information provided in the document or otherwise review it with your external advisors. Some investment products and services, including custody, may be subject to legal restrictions or may not be available worldwide on an unrestricted basis. The information and analysis contained herein are based on sources considered as reliable. Sygnum Group uses its best efforts to ensure the timeliness, accuracy, and comprehensiveness of the information contained in this document. Nevertheless, all information indicated herein may change without notice.

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