November Quiet Before Volatility Resumes
San Francisco • Dec 7, 2021
The Bitwise 10 Large Cap Crypto Index posted a loss of 1.40% in November as Bitcoin retreated from all-time highs reached earlier in the month. Along with a broad pullback in U.S. equity markets, crypto asset prices retreated sharply at the start of December in response to concerns about the Omicron variant outbreak and comments from U.S. Federal Reserve Chair Jerome Powell hinting that the bank will tighten monetary policy at a faster pace than previously expected.
In this month’s Advisor Letter, our team explores the crypto market’s key performance metrics for November, reviews the most relevant news from the past month, and highlights a single chart that helps gauge the health of the market.
READ FULL ANALYSISBitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and a suite of over 30 crypto investment products spanning ETFs, separately managed accounts, private funds, hedge fund strategies, and staking. The firm has an eight-year track record and today serves more than 4,000 private wealth teams, RIAs, family offices and institutional investors as well as 15 banks and broker-dealers. The Bitwise team of over 100 technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.
