The two largest digital assets by market capitalization – Bitcoin (BTC) и Етхереум (ETH) – are continuing their slow but sure advance over the past days and weeks, helping the entire тржиште цриптоцурренци move upward and showing relative strength compared to traditional assets.
У међувремену, Bitcoin Ethereum could continue their growth and even “regain edge” as they record very low volatility and risk compared to the берза, according to the new Блоомберг Интеллигенце извештај подељен би сениор роба strategist Mike McGlone on November 3.
Specifically, the volatility of BTC and ETH, as well as the Bloomberg Galaxy Crypto Index (BGCI), have dropped to low levels compared to most other assets, which, according to the report, “may tilt risks against those not accumulating partial crypto exposure.”
‘Cryptos could regain edge’ despite Fed
As the report stresses, “crypto assets’ period of outperformance in 1H20 was marked by very low volatility vs. the stock market, and there are potential parallels into 2023,” which means that “Bitcoin, Ethereum, cryptos gains appear poised to resume.”
“A top headwind for most risk assets is that the Federal Reserve is intensifying tightening as equity prices and global GDP growth diminish, but cryptos are showing signs that they could resume their propensity to outshine.”
Furthermore, the report notes that the Fed’s ‘sledgehammer’ approach may be forming Bitcoin’s foundation as “its price of around $20,500 on Nov. 2, with the one-year federal funds future (FF13) signaling rates close to 4.75%, was about the same as it was in June, when FF13 was near 3.5%.”
At the same time, this ‘sledgehammer’ seems to be firming Ethereum’s foundation at “around $1,000, (…) potentially building a base around the 2018 peak, when global liquidity topped out around plus 14%.”
Finally, the report also noted that supplies of both decentralized finance (дефи) assets were dipping on an annual basis, concluding that the continuation of this trend supports the growth of their prices.
Анализа цена Битцоин и Етхереум
As things stand, Bitcoin was at press time changing hands at $20,597, up 1.28% on the day, as well as 2.07% across the week, as per data retrieved by Финболд у новембру КСНУМКС.
In parallel, Ethereum also recorded advances during the observed periods, gaining 2.25% in 24 hours and 5.03% over the week, currently trading at $1,581.
odricanje: Садржај на овом сајту не треба сматрати саветом за инвестирање. Улагање је шпекулативно. Када инвестирате, ваш капитал је у опасности.
Source: https://finbold.com/bitcoin-and-ethereum-could-regain-edge-as-their-risk-vs-stocks-lowers-data-shows/