Digital assets fell in September as macro concerns led to abroad sell-off across global markets. Last week, Fed officials indicated their readiness to begin tapering — the process of slowly pulling back the stimulus provided during the pandemic — signaling they might raise rates at a faster-than expected pace. Concerns over Evergrande’s debt crisis created a spillover into US equity (S&P 500 down 4.8% and NASDAQ down 7% the past 30 days) and crypto markets (BTC down2% and ETH down 12% respectively, the past 30 days), which caused a sell-off and subsequent liquidations (totaled $1.3B).
October 01, 2021
September 2021 Market Commentary