Last week’s crypto market prices fell by -1.31%. Volume and volatility increased by +23.75% and +285.34%, respectively.
Chart of the Week
Ethereum (ETH) recently flashed a death cross on its price chart. A death cross is a popular technical analysis trading indicator based on moving averages (MA). It occurs when the 50-day moving average crosses below the 200-day moving average and is typically interpreted by traders as a bearish signal.
Bitcoin (BTC) and Ethereum (ETH) prices decreased slightly at -0.5% and -1.1%, respectively,in the past seven days. Prices for other selected top-cap tokens also mostly fell.
Selected key categories were also down slightly on market cap change in the past seven days, with the exception of Artificial Intelligence.
News Highlights
The US Securities and Exchange Commission (SEC) has delayed until October making a decision on all of the spot bitcoin exchange-traded fund (ETF) applications filed by applicants including BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise, and Valkyrie Digital Assets earlier this year.
A federal court ruled that the SEC must review its rejection of Grayscale Investments’ attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. This could potentially have significant implications for a spot bitcoin ETF in the US.
Research Roundup Newsletter [July 2023]: We present to you our latest issue of Research Roundup, featuring trending market insights in July, charts of the month, and our latest research exploring real-world assets.
Real-World Assets: Bridging Real-World Value to DeFi: Real World Assets is a promising application for blockchain technology that is gaining traction. We explore notable projects like Centrifuge, Ondo, Tangible, and Toucan.
Alpha Navigator: Quest for Alpha [July 2023]: Risk assets continued their positive price action in July, although BTC dipped slightly. Macro calendar is quiet up until mid-August when we have the US CPI and release of FOMC minutes.
What Are Get-Rich-Quick Scams?: If it sounds too good to be true, it probably is. Learn how get-rich-quick crypto scams work, how to spot them, and how to avoid them.
Top NFT Tokens to Know in 2023: Discover top NFT tokens making waves in 2023 and learn how to use them for blockchain gaming and actively participating in shaping NFT platforms.
Catalyst Calendar
Author
Research and Insights Team
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SEC delays decision on BTC spot ETFs; must review Grayscale’s application. Swift and Chainlink tokenisation experiment succeeds. X obtains licences to process payments in multiple US states.
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