Sygnum House View
The crypto market started to recover in July as the negative news around the crypto lending crisis petered out and most of the deleveraging appeared to have concluded. The bullish interpretation of the messaging at the last Federal Open Market Committee (FOMC) meeting that boosted all major asset classes gave a further lift to the crypto market at month end. Ether outperformed strongly after more precise timelines were announced for the impending upgrade. The market ended the month up 35.96 percent. Bitcoin was an underperformer, increasing 17.95 percent, while Ether rose 57.55 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.