Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Crypto

<ul><li>Since the release of our Crypto Moves #42 on Friday, the market experienced further declines but has since regained some of its lost ground.</li><li>Our outlook remains unchanged: at best, the market will move sideways throughout September, and at worst, we may see further declines.</li><li>However, starting in October, the market will most likely show signs of life similar to those we saw in the early months of this year.</li></ul>

Since the release of our Crypto Moves #42 on Friday, the market experienced further declines but has since regained some of its lost ground.Our outlook remains unchanged: at best, the market will move sideways throughout September, and at worst, we may see further declines.However, starting in October, the market will most likely show signs of life similar to those we saw in the early months of this year.

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Odd Lots

Podcast by Joe Weisenthal & Tracy Alloway

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

<ul><li>Bitcoin and other cryptocurrencies are experiencing significant price fluctuations</li><li>Stablecoins like Tether and USDC have remained stable, providing a store of value</li><li>The narrative around stablecoins as the killer app of crypto raises questions about reliance on existing financial infrastructure and potential systemic risks</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Bitcoin and other cryptocurrencies are experiencing significant price fluctuationsStablecoins like Tether and USDC have remained stable, providing a store of valueThe narrative around stablecoins as the killer app of crypto raises questions about reliance on existing financial infrastructure and potential systemic risksThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The Booming Crypto Use Case That's Happening Right Now

<ul><li>In Monday’s Crypto Crisp, we took a bearish stance, driven by a worsening economic outlook, with growth falling short of expectations and liquidity conditions looking grim for September.</li><li>Since then, the crypto market has continued its decline.</li><li>While we believe September will likely be challenging for digital assets, it is too extreme to claim the bull market is over.</li></ul>

In Monday’s Crypto Crisp, we took a bearish stance, driven by a worsening economic outlook, with growth falling short of expectations and liquidity conditions looking grim for September.Since then, the crypto market has continued its decline.While we believe September will likely be challenging for digital assets, it is too extreme to claim the bull market is over.

Crypto Moves #42 – Where Do We Go From Here?

<ul><li>The crypto market has been pretty boring lately, with low volatility and no significant movements in either direction for weeks.</li><li>The past week’s low volatility, combined with the ongoing drop in exchange balances for Bitcoin and Ether, strengthens our view that we are in an accumulation phase.</li><li>This suggests the market is gearing up for a move upward rather than downward.</li></ul>

The crypto market has been pretty boring lately, with low volatility and no significant movements in either direction for weeks.The past week’s low volatility, combined with the ongoing drop in exchange balances for Bitcoin and Ether, strengthens our view that we are in an accumulation phase.This suggests the market is gearing up for a move upward rather than downward.

<ul><li>As we noted in last week’s Crypto Crisp, we anticipated a gradual but steady recovery in the market to the levels seen before last weekend’s sharp decline.</li><li>This prediction has proven accurate so far, with some recovery since last week, though we are still far from fully regaining those levels.</li><li>We remain confident that it could take the rest of August to reach those levels again.</li></ul>

As we noted in last week’s Crypto Crisp, we anticipated a gradual but steady recovery in the market to the levels seen before last weekend’s sharp decline.This prediction has proven accurate so far, with some recovery since last week, though we are still far from fully regaining those levels.We remain confident that it could take the rest of August to reach those levels again.

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

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Crypto Crisp: September, Please Go Away

Since the release of our Crypto Moves #42 on Friday, the market experienced further declines but has since regained some of its lost ground. Our...

Steno Research

The Booming Crypto Use Case That's Happening Right Now

The value of Bitcoin and other cryptos is dropping, with stablecoins like Tether and USDC emerging as potential solutions for easy transactions...

Odd Lots

Crypto Moves #42 – Where Do We Go From Here?

In Monday’s Crypto Crisp, we took a bearish stance, driven by a worsening economic outlook, with growth falling short of expectations and...

Steno Research

Crypto Crisp: Boring

The crypto market has been pretty boring lately, with low volatility and no significant movements in either direction for weeks. The past week’s...

Steno Research

Crypto Crisp: Slowly But Surely

As we noted in last week’s Crypto Crisp, we anticipated a gradual but steady recovery in the market to the levels seen before last weekend’s sharp...

Steno Research

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