Coinbase Premium Encouraging Sign for ETH, ONMD Buys BTC for Corporate Treasury
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CRYPTO MARKET UPDATE Crypto began the final full week of September trading—historically the worst time of the year for the asset class—with a positive move higher. BTC 0.43% briefly pushed above $64K during Sunday's session, attempting to break through its 200-day moving average. Meanwhile, ETH 4.73% has quietly rallied 10% against BTC 0.43% over the past five days, now trading above $2,660, while SOL 1.38% has retreated to $144 after reaching $152 on Friday....
CRYPTO MARKET UPDATE This morning's big news came from the BLS, which revised payrolls down by 818k for the 12 months ending in March. In response, the DXY turned negative as yields fell and market confidence in upcoming Fed cuts grew. Price action continues to suggest that the market views a soft landing as possible, with risk assets rallying in tandem with Treasuries. BTC 0.43% spiked to $60k following the U.S....
CRYPTO MARKET UPDATE Tuesday is off to a strong start for the bulls, with robust bounces across the crypto market. Among the majors, SOL 1.38% is leading the way, approaching its 200-day moving average around $146, while ETH 4.73% has climbed back above $2,500 and BTC 0.43% has surpassed the $55k mark. Notable outperformers within the ETH 4.73% and SOL 1.38% ecosystems include AAVE 9.86% , which benefitted fundamentally from massive liquidations yesterday, with over $200 million...
CRYPTO MARKET UPDATE U.S. EQUITY INDICES ARE MOVING LOWER, WITH THE SPY 0.43% TRADING AT $540.95 AND THE QQQ 0.27% SHOWING MORE PRONOUNCED LOSSES, TRADING AT $457.75. Economic data this morning exceeded expectations, with job openings and consumer confidence both surpassing estimates, although rates are still showing modest declines. Crypto assets are mixed, with BTC 0.43% holding slightly above $66k and ETH 4.73% gaining slightly to $3,320, and ETHBTC increasing above 0.05. Yesterday marked...
