Crypto & Traditional Market Insights - September 30, 2023
Diving into the Latest Market Metrics
The world of cryptocurrencies has seen varying levels of volatility and changes. The crypto landscape is so vast and interconnected with traditional markets that understanding the metrics behind them becomes crucial. Here, we provide you a concise yet thorough analysis of both these worlds using key metrics.
1D Data Snapshot
79.67% of coins are trading above their 20-day Simple Moving Average (SMA), hinting at a short-term bullish sentiment.
Over half, 56.32%, are above their 50-day SMA, showing a positive medium-term trend.
However, only 12.64% sit above their 200-day SMA, indicating that a long-term bullish trend hasn't been established.
1W Data Overview
Just 20.33% of coins are above their 20-week SMA.
A meager 13.19% outpace their 50-week SMA.
Alarmingly, only 1.37% are trading above their 200-week SMA, signaling a dominant bearish sentiment on a longer time frame.
Returns Comparison for the Last 200 Days
BTCUSDT slightly outperformed the SPX index by returning 10.88% versus 9.41%. On the other hand, DXY lagged behind significantly, with a return of 2.48%.
In terms of volatility:
BTCUSDT was the most volatile with a rate of 0.0205.
SPX followed at 0.0076.
DXY was the least volatile, standing at 0.0040.
Top & Bottom Assets
Weekly Performance:
Best Performers:
TRBUSDT: 58.09%
GFTUSDT: 44.39%
GLMRUSDT: 41.32%
PROSUSDT: 31.61%
AMBUSDT: 28.22%
Worst Performers:
ARKUSDT: -10.94%
FLMUSDT: -12.58%
UNFIUSDT: -13.81%
BLZUSDT: -16.31%
AKROUSDT: -19.97%
Monthly Performance:
Best Performers:
TRBUSDT: 175.18%
MULTIUSDT: 151.35%
LOOMUSDT: 147.57%
FRONTUSDT: 142.75%
HIFIUSDT: 118.47%
Worst Performers:
SYNUSDT: -23.12%
LPTUSDT: -27.51%
CYBERUSDT: -32.00%
GALAUSDT: -32.23%
AKROUSDT: a staggering -99.44%
Closing Remarks:
As we end today's report, it's essential to remember the inherent volatility and unpredictability of the crypto market. Both short-term and long-term trends reveal a mixed bag of bullish and bearish sentiment. Keeping an eye on these metrics, we will ensure that you're well-equipped to make informed decisions. Stay tuned for more updates tomorrow!
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Always do your research and consult with a professional before making any financial decisions.