Huge Jobs Miss Pummels Risk Assets, COIN Beats Topline Expectations
Reports you may have missed
CRYPTO MARKET UPDATE RISK ASSETS ARE BROADLY LOWER TODAY, WITH THE SPY -2.06% AND QQQ -2.62% PARING SOME OF THE RAPID GAINS SEEN YESTERDAY FOLLOWING THE FOMC MEETING IN WHICH RATES WERE HELD STEADY, BUT DOVISH COMMENTS SPARKED OPTIMISM, LEADING TO MARKETS PRICING IN THREE RATE CUTS BY YEAR-END. The US10Y has dropped below 4% for the first time since February. Crypto is showing steeper losses, with BTC -4.25% sharply lower to $62.7k...
CRYPTO MARKET UPDATE U.S. EQUITY INDICES ARE MOVING LOWER, WITH THE SPY -2.06% TRADING AT $540.95 AND THE QQQ -2.62% 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 -4.25% holding slightly above $66k and ETH -5.02% gaining slightly to $3,320, and ETHBTC increasing above 0.05. Yesterday marked...
CRYPTO MARKET UPDATE RATES ARE BROADLY LOWER, WITH A NOTABLY STRONGER RALLY AT THE FRONT END OF THE CURVE AS THE MARKET APPEARS TO BE TAKING POTENTIAL RATE CUTS OVER THE NEXT COUPLE OF FOMC MEETINGS MORE SERIOUSLY. Despite significant weakness in equities today, the crypto market is looking relatively healthy, with BTC -4.25% and many altcoins in the green. BTC -4.25% briefly rallied above $67k but has since drifted back down...
Bitcoin Rallies on Strategic Reserve Rumors, Galaxy Acquires Additional Staking Assets
CRYPTO MARKET UPDATE U.S. EQUITIES ARE CONTINUING THIS WEEK’S SELL-OFF, WITH THE SPY -2.06% AND QQQ -2.62% BOTH DECLINING APPROXIMATELY 0.28%, WHILE THE DXY N/A% AND TREASURY YIELDS INCH UPWARDS. In contrast, BTC -4.25% is moving sharply higher, trading at $65.8k, with rumors circulating that former President Trump will unveil plans to add Bitcoin as a strategic reserve at next week’s Bitcoin conference. ETH -5.02% is trading at $3,450 ahead of potential S-1 approval after...
