Recapitulare și perspective pieței octombrie 2022

Bouncing back from September’s performance, October 2022 trended positively for cryptoassets overall. All sectors saw positive returns ranging between +1% to +69% as BTC and ETH gained +6% and +20% respectively over the course of the month.

While the green candles piled up across all sectors, DeFi assets saw mixed returns, ranging from -17% to +49%. Meanwhile, Meme Coins massively outperformed all other sectors this month as it reported a +69% gain. The sector was led by Dogecoin’s rally, DOGE was rallying even before the Musk deal was confirmed. It was on the rise leading up to the deal being finalized.

To quote Taylor Swift: are we out of the woods yet? Find out in our latest market recap and outlook report as the team explores what happened last month and what lies ahead.

High uncertainty, low volatility

This month, Bitcoin’s volatility was at the lowest it’s been in months, well below its October historical median volatility of 58%. BTC’s annualized volatility started the month off at 65% and closed the month out at 32%.

In October, BTC’s positive correlation with gold, which is generally regarded as a safe haven during economic and geopolitical uncertainty, remained stable throughout the month and neared its all-time high for 2022.

DeFi Headwinds

On October 6 the BNB Chain suffered a $100M exploit on its cross-chain bridge and halted operations momentarily. Following this incident, Mango, a Solana-based decentralized platform, suffered a $100M exploit in an economic attack known as oracle price manipulation just five days later, contributing to DeFi’s underwhelming performance last month.

Sitting tight

Despite broader macroeconomic uncertainty and headwinds in the space, the industry performed positively for the month of October and recovered from September’s performance. 

Want to learn more about what went down and what’s ahead? Read the latest Kraken Intelligence report, Sit Tight, pentru a înțelege ce mișcă piața cripto.

Aceste materiale au doar scop informativ general și nu sunt sfaturi de investiții sau o recomandare sau o solicitare de a cumpăra, vinde sau deține orice criptoactiv sau de a se angaja într-o strategie de tranzacționare specifică. Unele produse și piețe cripto nu sunt reglementate și este posibil să nu fiți protejat de compensații guvernamentale și/sau scheme de protecție de reglementare. Natura imprevizibilă a piețelor criptoactive poate duce la pierderi de fonduri. Taxele pot fi plătite pentru orice profit și/sau pentru orice creștere a valorii criptoactivelor dvs. și ar trebui să solicitați consiliere independentă cu privire la poziția dvs. fiscală.