House View

Sygnum House View – Nov 2022

House View

The crypto market was unusually flat and stable with very low volatility throughout October, until a brief rally that appeared to be related to covering expiring short futures positions, lifted prices slightly in the last days of the month. Bitcoin ended the month up 5.5 percent and the overall market was up 7.2 percent. Ether reversed its previous underperformance since the Merge upgrade and rose 19.9 percent in the last few days of October. Bitcoin traded in the range of USD 18,320 – 20,988 in October, and Ether traded between USD 1,209 and 1,652.

Read our House View report below, where the Sygnum Asset Management team review news, trending topics and regulation that are influencing the digital asset markets. The Sygnum sentiment analysis and the market analysis gives a month-by-month performance overview for several of the top crypto assets.

Download the report

The Sygnum House View is available to professional and private qualified Swiss investors. For other updates on the digital asset markets, read our Insights articles here.

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This document is purely for educational purposes and has been issued by Sygnum Group. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication. It does not constitute an offer or a recommendation to subscribe, purchase, sell or hold any security or financial instrument. It contains the opinions of Sygnum Group, as at the date of issue. These opinions and the information contained herein do not take into account an individual‘s specific circumstances, objectives, or needs. No representation is made that any investment or strategy is suitable or appropriate to individual circumstances or that any investment or strategy constitutes personalized investment advice to any investor. Therefore, you must verify the above and all other information provided in the document or otherwise review it with your external advisors. Some investment products and services, including custody, may be subject to legal restrictions or may not be available worldwide on an unrestricted basis. The information and analysis contained herein are based on sources considered as reliable. Sygnum Group uses its best efforts to ensure the timeliness, accuracy, and comprehensiveness of the information contained in this document. Nevertheless, all information indicated herein may change without notice.

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