Cryptocurrency analyst, Saxo Bank
Summary: The cryptocurrency market is developing extremely rapidly as technologies, processes and regulations multiply at speed. In such a hectic environment it can be difficult to stay informed, so here's the lowdown on our favourite sources.
The cryptocurrency market is in a significantly different position than it was last year. Despite the market downturn, entrepreneurs and developers are still building the next wave of blockchains and applications. It is important that investors use this relatively quiet time in the markets as an opportunity to increase their cryptocurrency knowledge. We provide some of our favorite cryptocurrency data sources which we follow to stay up to date with the latest information. It is a good starting point for the crypto market enthusiast.
Ranking sites
The ranking sites below provide information on specific cryptocurrencies, such as market cap, circulating supply, and volume. They serve as a good starting point to explore the market of digital assets.
Coinmarketcap is arguably the most popular website from cryptocurrency rankings, in fact when the website dropped Korean exchanges from its calculation, it led to a sell-off in Bitcoin. The site offers simple charts and access to historical data. Also, it offers a ranking of exchanges by volume. Perfect for the crypto beginner. The website supports multiple fiat currencies.
2024: The wasted year
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
As US economic slowdown hints at a shift away from exceptionalism, USD faces downside with looming Fed cuts. AUD and NZD set to outperform as their rate cuts lag. JPY gains on carry unwind bets and BOJ pivot.
Amid AI and obesity drug excitement, equities see varied prospects: neutral on overvalued US stocks, negative on Japan due to JPY risks, positive on Europe. European defence stocks gain appeal.
With the economic slowdown, quality assets will gain favour, especially sovereign bonds up to 5 years. Central banks' potential rate cuts in Q2 suggest extending duration, despite policy and inflation concerns.
Commodities poised for rebound. The "Year of the Metal" boosts gold and silver, copper awaits rate cuts. Grains may recover, natural gas stabilises. Gold targets $2,300-$2,500/oz, copper's breakout could signal growth.
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
As US economic slowdown hints at a shift away from exceptionalism, USD faces downside with looming Fed cuts. AUD and NZD set to outperform as their rate cuts lag. JPY gains on carry unwind bets and BOJ pivot.
Amid AI and obesity drug excitement, equities see varied prospects: neutral on overvalued US stocks, negative on Japan due to JPY risks, positive on Europe. European defence stocks gain appeal.
With the economic slowdown, quality assets will gain favour, especially sovereign bonds up to 5 years. Central banks' potential rate cuts in Q2 suggest extending duration, despite policy and inflation concerns.
Commodities poised for rebound. The "Year of the Metal" boosts gold and silver, copper awaits rate cuts. Grains may recover, natural gas stabilises. Gold targets $2,300-$2,500/oz, copper's breakout could signal growth.
