Sygnum House View
The lasting downtrend in the crypto market put pressure on the risky business models of several centralised entities, starting with centralised lender Celsius, causing prices to move sharply lower. Major tokens fell about 50 percent mid-month, and with only a slight recovery from the lows, the market closed the month -39.5 percent. Bitcoin continued to outperform, falling -37.8 percent while Ether fell by 45.1 percent.
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 key factors reviewed and the market analysis gives a month-by-month performance overview for several of the top crypto assets.
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.