Bitcoin had the second worst sell-off since the 2018-20 bear market, eclipsed only by July 2021, where the market fell -54% from the highs set in April — link
As the market traded down to the weekly lows on Saturday, over $2.5 Billion in net losses were realised, with investors spending coins held at a loss — link
Bitcoin was once the dominant quote asset in cryptocurrency markets, but over the past few years stablecoins have become the most popular denominating currency — link
Through H1 2021, BTC’s rolling 1y Sharpe ratio outperformed U.S. stocks, bonds and gold with an average risk-adjusted return of 2.8, compared with 1.7 for the S&P 500.
However, poor performance in Q4 dragged this down to an average of 2.1 in H2 2021 — in line with U.S. equities and still healthy relative
to other asset classes — Coinbase 2021
Genesis lending desk closed 2021 with over $150B in cumulative originations since its launch in March of 2018. Over $50B in new originations were executed in Q4, up 40% QoQ, marking the desk’s 15th consecutive quarter of growth — link