Market Commentary – February 2nd, 2023

Crypto At the time of writing, Bitcoin is trading at $23,800 USD and Ethereum at $1,676 USD. Cryptocurrencies were having a relatively quiet week up until the Federal Reserve meeting yesterday. The price of BTC was having a bit of trouble at around the $24,000 level after finding sellers twice there. However, the price is also not falling and is merely consolidating just under the $24,000 level after the Fed raised rates by only 25bps (more on that in the Macro section). ETH also had a relatively quiet week coiling between a 3% range but was able to break out

Master Your Finances: A Beginner’s Guide to the 50/30/20 Budget Rule

A budget can give you a sense of financial control and make it easier for you to save money for your objectives. Finding a system that works for you can help you feel like you have a better handle on your finances. Have you ever heard of the 50/30/20 budget rule? The rule is to split your income into three categories of spending: 50% on needs, 30% on wants, and 20% on savings. This simple and logical approach to building wealth can assist you in creating a realistic budget that you can follow over time to achieve your financial objectives.

Market Commentary – January 11th, 2023

Crypto Market At the time of writing, Bitcoin is trading at $17,500 USD and Ethereum at $1,341 USD. Crypto markets are infamous for their volatility, however in spite of this, the holiday break was exceptionally quiet. Realized volatility over December for BTC declined to multi-year lows of 24.6%, of which there are very few instances with similar levels. However, all prior examples preceded much higher volatility environments on the road ahead, with most trading higher, and just one (Nov 2018) trading dramatically lower. On-chain activity for Ethereum and Bitcoin remain low. Bitcoin inflow volumes to exchanges are currently between $350M

Market Commentary – December 13th, 2022

Crypto Market At the time of writing, Bitcoin is trading at $17,715 USD and Ethereum at $1,310 USD. According to blockchain analytics firm Kaiko, historically, the BTC-USD versus BTC-USDT trading volume could be considered an indicator of institutional inflows into crypto, as institutional investors would typically buy BTC using fiat directly instead of using an onramp like the USDT.  The dominance of USDT based BTC trades have risen to 84%, implying that USD trades only made up 16% of trading volume, a level seen just before the COVID selloff and way before the start of the 2021 bull market. While

Market Commentary – September 23rd, 2022

Crypto Market At the time of writing, Bitcoin is trading at $18,900 and Ethereum at $1,288. Crypto markets were under pressure this week after the Federal Reserve raised rates by 75 bps on Wednesday (more details under the Macro section). During the course of the week, there was a net outflow of over $200M worth of Bitcoin from centralized exchanges as its price held around its low set in June 2022. This level may have attracted buyers. Exchange netflows are the net amount of inflows minus outflows of a specific crypto-asset going in/out of centralized exchanges. Crypto going into exchanges

Market Commentary – September 16th, 2022

Crypto Market Bitcoin (BTC) has now been within a persistent market downtrend for ten months since the all-time high in November 2021. This week, Bitcoin spot prices touched the $18,649 level, marking the second lowest low at a 72.5%  drawdown from the cycle top. Compared to prior bear cyclical bottoms, the 2022 contraction has not been as significant on a percent drawdown perspective. The lows in 2015, 2018 and 2020 reached over 77%+ drawdowns from all time highs. With Bitcoin trading 72.5% below the Nov 2021 all time high this week, the market has many similarities to the latest phase

Market Commentary – August 26th, 2022

Crypto Market Last week on August 19, the value of long liquidations was the second highest it has been for the past three months at $538.2 million. This surge of liquidations came after prices of many crypto assets fell last week. BTC fell from $23.2k to $20.8k and ETH fell from $1.85k to $1.6k from the 18th to the 19th, marking the sharpest drops between closing prices of the past month for both assets. Since then BTC has found support at around $21.5k and ETH has now reclaimed $1,700. From an on-chain perspective, the total transferred volume out of Crypto-assets

What Is The Bitcoin Halving?

The Bitcoin (BTC) halving (also known as “the halvening”) is an event that occurs roughly every four years. It’s the scheduled halving of the reward miners receive for verifying blocks of transactions on behalf of the BTC network. These “block rewards” act as a mechanism to increase the supply of Bitcoin gradually. On average, one block is “mined” every 10 minutes. Here’s a quick refresher on how Bitcoin gets mined. Traditional fiat currencies, such as the dollar, are centrally-controlled, meaning banks such as the Bank of Canada can control inflation by printing cash at their will. In contrast, the creator

The Fastest Way to Buy Bitcoin

“Mass adoption of cryptocurrency is closer than you think. By using the millions of existing ATMs around the world we can now give users an easy, fast and familiar experience to purchase cryptocurrency.”  – Todd Lawrence, Chief Visionary Officer for CNI What is Coinsquare Networks Inc. (CNI)? Coinsquare Networks Inc. (CNI) is an innovative FinTech company whose software allows users to buy bitcoin from traditional ATM machines via their debit card. Thus, providing users with the fastest way to buy bitcoin. Learn more about CNI here. “Right now, there is a lack of mainstream cryptocurrency adoption because most people are