Ethereum

$ETH

$3,171

-4.42%

U.S. equities are flat on the day heading into the holiday weekend. The SPY has risen 0.07%, holding above $523, while the QQQ is down 0.06%, trading at $444. Although the market is closed tomorrow, the February PCE report will be released, and Fed Chair Powell will speak at the Macroeconomics and Monetary Policy in San Francisco. Surprises at either event could have an impact on markets. Crypto assets are...

Crypto markets are declining following news that most of the SEC’s lawsuit against Coinbase will proceed (more below). $BTC (-1.27%) reached intraday highs of $71.8k before declining to $69k after the news. Rumors have circulated that Morgan Stanley and PNC will soon approve access to Bitcoin ETFs on their wealth management platforms. Together, Morgan Stanley and PNC hold over $1.5 trillion in client assets and likely will provide a tailwind...

U.S. equities are rising in Tuesday trading, with the SPY and QQQ both gaining approximately 0.21%. U.S. durable goods orders rose 1.4% in February, bouncing back after dropping 6.1% in January. The DXY (+0.04%) is flat on the day but remains above $104, while rates are showing modest gains across the curve. Crypto markets are showing slight declines, with $BTC (-0.22%) trading at $69.7k and $ETH (-0.72%) holding above $3,550. It...

Following the worst week of ETF flows since inception, $BTC (+3.89%) is rebounding, rising to $69.6k, and $ETH (+4.09%) has reclaimed the $3,500 mark. Last week’s outflows totaled $888 million, representing about a fifth of the inflows seen in the previous two weeks. $ONDO, an institutional RWA protocol, is one of the top performers today, rising 7.61% as investors remain optimistic about the future of tokenized assets and their ability...

Equity indices are showing muted declines today, but the SPY (-0.13%) and QQQ (-0.02%) are still on pace for respective 18th and 17th positive weeks out of the last 21. Crypto markets are showing more pronounced losses, with total market capitalization falling by 3%. $BTC (-2.89%) has fallen to $63.6k while $ETH (-4.53%) has dropped to $3,340. Bitcoin ETFs have seen four consecutive days of outflows totaling $836 million, representing...

U.S. equities rose following yesterday’s FOMC meeting, where Chair Powell struck a dovish tone and the committee's dot-plot showed no meaningful revisions to rate cut expectations this year. The SPY (+0.33%) and QQQ (+0.44%) closed at record highs, surpassing $520.48 and $445.61, respectively. Crypto assets displayed a strong bounce following Powell’s comments yesterday but have since pared some gains. $BTC (-4.08%) is trading at approximately $65.1k and $ETH (-2.27%) is...

The Federal Reserve is set to announce its interest rate decision at 2 PM EST today. The key thing to watch will be the committee’s “dot plot” which shows their longer-term expectations for interest rates. Markets are pricing 75 bps of rate cuts this year, which aligns with the committee’s previous dot plot, so any deviations could impact markets. Fear surrounding today’s FOMC meeting may have contributed to Bitcoin ETFs...

Crypto markets are experiencing sharp declines, with $BTC (-4.94%) falling to $64k and $ETH (-6.01%) dropping to $3,310. Yesterday represented the first day of net outflows from Bitcoin ETFs since March 1st, with total outflows of $154.3 million. GBTC saw daily outflows of $642.5 million, setting a new daily record previously set on January 22nd. The Bank of Japan moved to end its negative interest rate regime, raising target policy...

The weekend saw choppy price action, following the significant leverage washout in the perps market on Thursday evening. $BTC revisited the $65k level, marking a roughly 12% decrease from the previous week's high of $74k. Since then, its price has partially recovered, currently trading just above $67k. $ETH experienced a steeper decline and a less vigorous recovery, dropping from last week's high of $4100 to $3400, and is now trading...

The crypto market suffered from a sharp decline early this morning, which saw $BTC (-4.48%) fall over 8% to the mid $65,000s before paring losses to $68k. $ETH (-5.07%) and altcoins saw similar price action, fueling over $727 million in liquidations over the last 24 hours. Funding rates have been getting frothy, and the drop helped to bring rates to more neutral levels across the board (see below). $SOL (+3.18%)...

A deluge of economic data was released this morning, including higher-than-expected PPI data, sparking a move higher in the DXY (+0.47%) and Treasury Rates. U.S. equities are showing modest declines, with the SPY decreasing 0.15% and the QQQ declining 0.07%. Crypto assets are faring worse, with $BTC (-1.60%) falling below $72k and $ETH (-2.79%) dropping to $3,900 despite yesterday’s successful Dencun upgrade. Although the majors are showing losses, there are still...