Header logo
  1. Research
  2. Crypto Research
  3. Market Update

Soft CPI Fuels Risk Assets Surge, Ripple Chooses Axelar as Sidechain Bridge Partner

Jun 12, 2024
Author
Tom Couture
Tom Couture AC

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

Invesco ditches its plan to launch a US bitcoin futures ETF any time soon, just before the first-ever makes its debut

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.76% climbing back above $61,000 and SOL 0.88% moving above $145, while ETH 2.29% is lagging, trading around $2,400. Among today's outperformers is SUI -1.63% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

BTC -0.76% ETH 2.29% SOL 0.88% SUI N/A% XRP -8.13% QQQ +0.27% SPY +0.43%
Jievani Weerasinghe NHRM1u4GD A Unsplash

MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY 0.43%  and QQQ 0.27%  have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC -0.76% briefly dropping below $62k and ETH 2.29% below $2.5k. Among altcoins, SUI -1.63% is showing...

AAVE 2.62% APT -2.72% BLAST 0.00% BTC -0.76% EIGEN 9.29% ETH 2.29% LDO 10.35% POL N/A% SUI N/A% TON -81.78% QQQ +0.27% SPY +0.43% XAU
The 2 reasons bitcoin could surge by 170% to $168,000 by year-end as crypto-linked ETFs roll out

MARKET UPDATE August PCE data came in slightly below expectations, with Core MoM PCE reading 0.1% vs. 0.2% expected, reaffirming that inflation is receding steadily. Debates over the size of the Fed’s next rate cut have already begun, with odds for 50bps increasing slightly after the PCE data, rising to 52.1% compared to 49.3% yesterday. Stocks are relatively flat to end the week, with the SPY 0.43%  gaining 0.14% and the...

BCH 4.62% BNB 3.97% BTC -0.76% ETH 2.29% COIN +2.85% QQQ +0.27% SPY +0.43%
The 2 reasons bitcoin could surge by 170% to $168,000 by year-end as crypto-linked ETFs roll out

MARKET UPDATE The PBoC has announced a fresh package of economic stimulus, weighing a $142 billion injection into top domestic banks and pledging to stabilize the housing and stock markets. Domestically, durable goods data came in better than expected, and GDP met expectations, providing more confidence in the stability of the U.S. economy. Crypto is responding positively to both developments, as BTC -0.76% has gained to $65.3k and ETH 2.29% to $2,650,...

BONK -0.46% BTC -0.76% ENA 11.21% ETH 2.29% NEAR 5.77% SOL 0.88% WIF 5.56% COIN +2.85% KWEB -2.77% MSTR +7.81% PYPL +2.31% QQQ +0.27% SPY +0.43%

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In