March performance and newsletter
“Trump-pumps” seem to be a thing of the past for the
time being. Various headlines regarding Trump related
entities buying alt-coins or spruiking Ripple (XRP) as a
viable payment platform failed to spark any ongoing
buoyancy in the market. Consequently, it was a
relatively benign month in terms of crypto-centric
news. BTC remained heavy as did ETH and alt coins.
Indices reflecting “Fear and Greed” approached the
year’s low for BTC.
February performance and newsletter
There were two notable events in February. First, a liquidation event in early February, which caused Ethereum to fall some -15% within 1 minute.
The second event was news that the Bybit crypto exchange had been hacked for some US $1.5bn worth of Ethereum.
Despite the immediate fall in ETH and BTC, it was not as large a fall as that following the November 2022 FTX fraud.
Helping the market to stabilize and recover was the very quick and open communication by Bybit’s CEO.