Bitcoin
$BTC
$26,958
-2.71%
201 Results
After showing gains in after-hours trading, markets retraced on the first trading day after Memorial Day Weekend. President Biden and House Speaker McCarthy struck a tentative deal to raise the U.S. debt ceiling, although markets are ambivalent on whether it can be implemented by the June 5th deadline. SPX and QQQ opened 0.5% and 1.1% higher from last week's close before retracing to 0.1% and 0.9% higher, respectively. Treasury yields...
Stocks and crypto rebound after a week of negative price action amid optimism of a potential U.S. debt ceiling deal. The S&P is up 1.2%, while the Nasdaq gained 2.3%. BTC -2.71% and ETH -2.23% are up 2.1% over the last day. The top two cryptos are seeing near 5-year lows for supply held on exchanges, indicating optimism and demand from users that want to own and use assets on their respective...
BRC-20 FEVER Ordinal transactions on Bitcoin have skyrocketed in the last few months, leading to an all-time high for daily transactions and pushing Bitcoin network fees to 2-year highs. The activity throttled BTC’s network so much that Binance was forced to temporarily shut down withdrawals and implement Lightening Network to service outflows without paying excessive fees. There are currently two types of Ordinal transactions on the network: 1) Ordinal NFTs...
Markets are falling today as investors begin to get concerned about a debt ceiling resolution. Equity indices continue yesterdayâs sharp selloff, with the SPY 9.07% and QQQ falling by over 0.85%. In crypto markets, BTC -2.71% (-3.39%) is testing the low $26,000s, while ETH -2.23% (-3.34%) has dropped below $1800. Cross-chain bridge Multichain was experiencing issues this morning where users complained of stuck transactions. Multichain claims the issues are a result of an...
Cryptoassets and equities swapped roles today as the crypto market received a significant boost during Asian trading hours (more on this below). BTC -2.71% reclaimed its position above $27k, while ETH -2.23% made a strong push toward $1850. Among alts, the performance has been mixed. ETH scaling solutions ARB -7.10% , OP -6.45% , and IMX -7.25% all experienced gains of over 2% during the day. Meanwhile, the native token of the decentralized GPU rendering platform, RNDR -6.10% ,...
A NOSEDIVE IN VOLATILITY Equities are not the only asset class undergoing a noticeable decline in volatility. Both Bitcoin and Ethereum are following a similar path. Over the past two months, there has been a significant decrease in the implied volatilities of these blue chip cryptoassets, especially following the fallout from the Silicon Valley Bank (SVB) crisis and the subsequent rally in prices following the Federal Reserve’s intervention. The sense...
DCG Misses $640m Payment, 3AC's NFTs Fetch $2.5m, and Pudgy Penguins Launch Toys on Amazon
Equity markets opened the week with mixed results while bonds yields ticked higher as investors eagerly await updates on debt-ceiling negotiations. Relative to last week's close, NDAQ is trading at -0.2%, SPX is flat (+0.1%), while QQQ is changing hands at +0.4%. US02Y and US10Y are up 1% on the day, reflecting the President's and House Speaker's meeting later today in an effort to avoid a technical default. Digital asset...
After bleeding lower this morning, crypto markets and gold saw relief immediately following Janet Yellen's statement to bank CEOs that "more mergers may be necessary." At the time of writing, BTC -2.71% is up 0.12%, ETH -2.23% is up 0.72%, and gold is up 1.07%. While most altcoins continue to underperform, AI-related coins have been standouts the past few days. AI coins SingularityNET (AGIX) and Fetch. ai (FET) are up 18.49% and...
This morningâs jobless claims were softer than anticipated (242k vs. 254k exp.), potentially giving the Fed room to diverge from the expected âpauseâ at Juneâs FOMC meeting. The data release has not disheartened equity investors as the divergence between equities and crypto has continued. The SPY 9.07% (+0.53%) is approaching $4,200, and the QQQ (+1.24%) surpassed August â22 highs, while BTC -2.71% (-0.71%) and ETH -2.23% (-0.40%) are showing modest declines. Among the...
Stocks are rising as investors anticipate a potential agreement between congressional leaders and President Joe Biden regarding the U.S. debt ceiling. The S&P gained 1.19%, while the Nasdaq is up 1.2%. Leaders on both sides of the aisle made positive comments following negotiations. House Speaker McCarthy stated it's "possible to get a deal by the end of the week," President Biden said he was "confident" about a deal resolution. BTC -2.71% ...
Lido Finance Launches v2 Upgrade, Institutional Infrastructure Continue to Attract Funding and Partnerships
Markets saw a retracement as retail sales data for April came in lower than expected, triggering fears of weak earnings from retailers. SPX and NDAQ slid 0.3% and 0.6% lower than yesterday's close, while the QQQ continued its ascent from nearly two weeks ago, up 0.5%. Digital asset markets saw a similar decline, with BTC -2.71% dipping below $27k for the second time in the past month, and ETH -2.23% trading at...
Bitcoin (BTC -2.71% ) and the broader crypto market are staging a recovery after a week of bearish price action, with altcoins facing particularly excessive pressure. Bitcoin has successfully bounced off its key 200-week moving average around $25,800 and is now hovering around $27,400. Ethereum (ETH -2.23% ), meanwhile, remains stable above the $1,820 level. Notable standout performers include altcoin LDO -4.32% , up 12% on the day, potentially driven by improved withdrawal capabilities and short...
