House View

Sygnum House View – Sep 2022

The crypto market traded sideways in August until a sharp minus 10 percent drop mid-month that was not precipitated nor explained by any crypto-specific or macro news. After the Fed’s post-Jackson-Hole comments, the market drifted down further, ending the month at minus 12.6 percent. Ether outperformed in the first half of the month, continuing the upgrade-inspired momentum of the previous month, but it later dropped in line with the market, ending the month at minus 7.6 percent. Bitcoin slightly underperformed, falling by 14.1 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. This month we look at factors impacting on the crypto markets, including the US Fed Jackson Hole meeting and the pending Ethereum Merge.

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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