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.

Podcast by Joe Weisenthal & Tracy Alloway, Odd Lots

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>As we enter a new month, it is a good time to reassess the market outlook.</li><li>Throughout August, we held the belief that the crypto market would gradually recover from its early-month lows.</li><li>While this expectation was partly fulfilled, we now recognize several indicators suggesting a downward trend or, at best, sideways movement throughout September.</li></ul>

As we enter a new month, it is a good time to reassess the market outlook.Throughout August, we held the belief that the crypto market would gradually recover from its early-month lows.While this expectation was partly fulfilled, we now recognize several indicators suggesting a downward trend or, at best, sideways movement throughout September.

<ul><li>Over the weekend, both Bitcoin and Ethereum reached their highest levels since the crash three weeks ago.</li><li>As we have emphasized repeatedly in recent weeks, we continue to anticipate a gradual yet steady recovery of the crypto market, with prices to return to their pre-crash levels over the next month.</li><li>Now, let us dive into this week’s top news.</li></ul>

Over the weekend, both Bitcoin and Ethereum reached their highest levels since the crash three weeks ago.As we have emphasized repeatedly in recent weeks, we continue to anticipate a gradual yet steady recovery of the crypto market, with prices to return to their pre-crash levels over the next month.Now, let us dive into this week’s top news.

Crypto Crisp: Where Are the Memecoins? Solana Asks

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: Macro Is Not Your Friend

As we enter a new month, it is a good time to reassess the market outlook. Throughout August, we held the belief that the crypto market would...

Steno Research

Crypto Crisp: Where Are the Memecoins? Solana Asks

Over the weekend, both Bitcoin and Ethereum reached their highest levels since the crash three weeks ago. As we have emphasized repeatedly in...

Steno Research

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)