BitDigest September 15 · Issue #742
- Bitcoin leads overnight recovery of crypto assets as investors fears subside
- Nigeria plans to regulate digital asset trading
- European Central Bankers are receiving digital coins in their email
Crypto Fear and Greed Index
Following last week’s major decline, the Fear & Greed Index for bitcoin and other large cryptocurrencies has shown an overnight pop with the price bitcoin returning back above $10,600, gaining 8 points on the day and 6 points since last week’s update. Investors are strongly back with a more ‘neutral view’ of the asset class.
How Pomp Convinced Cramer to Buy Bitcoin
I have been listening to Anthony Pompliano’s podcast with CNBC Host Jim Cramer and I would strongly recommend it to help understand the generational views and concern of owning gold as an asset hedge. “Pomp” does a very good job explaining why Cramer, a long time gold bug, should add digital gold to his portfolio. Booyah!
The Headlines
Nigeria to Regulate Digital Assets
Lithuania Sends ECB Central Bankers Digital Coins
Thailand Issuing Savings Bonds on Blockchain
FATF Releases Red Flag Warning for Virtual Assets
MicroStartegy May Buy More Bitcoin
Market Data
Bitcoin Hashrate Hits New High
Eastern European Crypto Activity Increasing
Exchange, Custody and Product News
eToro Introduces Global Basic Income Platform
Paxful Ceasing Operations in Venezuela
Binance.US Arrives in Alabama
Kraken Moving Futures Trading to Volume Based Fees
Reports you may have missed
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Major equity indices are rallying on the back of solid earnings, with both the $SPX and $QQQ up over 1%. Meanwhile, crypto markets are churning lower, which is understandable as we should not expect crypto to rally alongside equities during an earnings-driven market. Crypto remains an apparently undecided market ahead of next week's FOMC meeting and the Quarterly Refunding Announcement (QRA), evidenced by another day of ETF outflows and a...
U.S. equity indices are under pressure today following disappointing economic growth in conjunction with hotter-than-expected prices paid, sparking stagflation fears and reducing the chances of rate cuts. The $SPY has declined 0.91% to test $501 and the $QQQ has dropped 1.12% to $421, being weighed down by a 12% drop in META following its Q1 earnings release. Crypto markets are faring better, with BTC -2.66% (-0.28%) trading at $64k and ETH -4.81% ...
The crypto market is pulling back from its recent surge, with $BTC falling below $65,000, $ETH trading under $3,200, and $SOL fighting to stay above $150. As expected, altcoins are also generally declining, although a few notable performers are scattered across the market. Currently, $BONK and $WIF, two prominent memecoins on Solana, are showing resilience, up 12% and 6%, respectively. Additionally, $HBAR initially doubled in price following reports that Blackrock...