The crypto industry faced headwinds in recent months as May’s collapse of the Terra ecosystem took its toll. In June and July, major crypto lending platforms (including Celsius, BlockFi, Voyager and Vauld) took drastic measures in the wake of “extreme market conditions.” June’s leverage-related fallout…
Category: Kraken Intelligence
After months of price declines across cryptoassets, July 2022 brought signs of recovery. All sectors saw positive monthly returns — gaining a minimum of 8% — led by DeFi (52%) and metaverse (35%). Prices of BTC (19%) and ETH (59%) increased after three months of…
After cryptoasset prices crashed in early May, with BTC falling nearly -32% from $39,500 to $27,000 within a week, prices continued lower in June as BTC dropped to a 1.5-year low of $17,600. BTC was down more than -57% year-to-date as of June 30, 2022,…
Crypto markets remained bearish in June after May’s broad market sell off. All crypto sectors reported negative returns month-over-month; even the best performers posted losses exceeding -18%. Meme and metaverse coins performed only slightly better than ETH (-47%), privacy coins (-43%) and BTC (-40%). Have…
Any sound money satisfies three important conditions: Preserves and stores value over time Serves as a widely accepted unit of account in a given market Functions as a practical medium of exchange for transfers of any size Bitcoin’s predictable, disinflationary supply growth rate continues to…
The non-fungible token (NFT) boom of 2021 not only brought mainstream attention to digital art investment, it also catalyzed increased development of the crypto metaverse. The metaverse — a previously esoteric term first used in the 1992 science fiction novel Snow Crash by Neal Stephenson…
Following a lackluster month in April, May saw further correction across cryptoasset sectors as they all fell a minimum of -17%. Layer 1, metaverse and meme coins declined the most at -43%, -42% and -39%, respectively. How did major players in the crypto space cope?…
Crypto asset prices crashed in early May, when BTC fell nearly -32% from $39,500 to $27,000 within a week. Could this be the beginning of a long crypto winter? Or do the on-chain metrics tell a different story? In Kraken Intelligence’s latest report, Survival Mode,…
You must be logged in to post a comment.