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 asset manager specializing in crypto and onchain finance with a nine-year track record and more than $14 billion in client assets. The firm’s suite of over 70 investment products—spanning ETFs, option income strategies, model portfolios, DeFi vaults, tokenized funds, and staking—helps investors access opportunities across the financial frontier. Bitwise serves more than 5,500 private wealth teams, RIAs, family offices, and institutional investors, as well as 21 banks and broker-dealers. The company is headquartered in San Francisco, with offices in New York and London.
