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U.S equity markets are moving lower as bond yields dropped following the 10-year yield surpassing 5% yesterday, a peak not seen in sixteen years. Federal Reserve Chairman Powell indicated yesterday that the interest rates would stay unchanged in the approaching November meeting. However, he cautioned that should the economic scenario intensify, rate increases might be back on the table. Despite the cautious sentiment in traditional asset sectors, crypto has notably...

U.S. equities are moving lower as interest rates have resumed their climb. The S&P and Nasdaq had fallen 0.8% at time of writing, while both short and longer-term rates increased. The US30Y bond saw the biggest jump in its yield, reaching 5.02%, just under YTD highs. The rise in rates coincided with the release of inflation figures in the U.K and E.U., along with China's GDP data. The spike in...

Equities and crypto markets are drifting lower amid continued pressure from rising yields. The 10-year Treasury is higher by 8 bps, topping 4.5%, corresponding with a rise in DXY, which tends to move inversely to crypto prices. Markets have continued to move lower after interpreting the Fed as higher for longer last week. The S&P is on track for its second losing month in a row and worst monthly performance...

THE US DOLLAR WRECKING BALL CONTINUES Last week, our near-term outlook remained uncertain, though we leaned toward the possibility that a positive catalyst, such as a victory for Grayscale, could coincide with easing liquidity conditions. This would mark a significant departure from the tightening conditions—indicated by the DXY—that followed the last two crypto-specific catalysts this year. The likelihood of interest rates reaching a peak, the dollar beginning to decline, and...