Litecoin

$LTC

BTC is flat since yesterday at $30.5k as investors were whipsawed from initial gains to a sharp headline-driven sell-off, which has now been retraced. According to CryptoSlate’s data, BTC suddenly crashed by 3.53% on the 1-hour candle to $29,946. This sudden collapse coincided with a Wall Street Journal article that reported shortcomings in the spot Bitcoin ETF applications recently filed by BlackRock and Fidelity. $ETH is up 4.9% today, reversing...

PMIS SHOW SLOWING ECONOMIC GROWTH There was a significant amount of economic data released this week, with particular attention given to the PMI data, which is considered a reliable indicator of economic activity. In May, the manufacturing sector in the US experienced its seventh consecutive month of contraction, as indicated by the Manufacturing ISM Report. The Manufacturing PMI for May was recorded at 46.9, a data point that suggests a...

After stalling yesterday, traditional equity indices have continued their march upwards, with the $SPX (+0.86%) surpassing $4,200 and the $NDQ (+1.01%) pushing past $14,400. Debt ceiling fears have largely been alleviated as a bill suspending the ceiling passed the House late last night and will now move on to a Senate vote. Crypto markets are not sharing the same optimism as $BTC (-1.19%) has dropped back below $27k and $ETH...

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...

Bitcoin ($BTC) 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), meanwhile, remains stable above the $1,820 level. Notable standout performers include altcoin $LDO, up 12% on the day, potentially driven by improved withdrawal capabilities and short...

Crypto markets declined sharply late last night before finding some footing this morning. At the time of writing, $BTC is down 3.11%, and $ETH is down 4.93%. It's thought that this sell-off was triggered by a spot sale of 19.9k BTC (~$600M) on Binance over a span of 45 minutes. This is an unusually large sale to happen in such a short period of time. Altcoins have seen more significant...

Crypto and traditional markets moved higher today at the time of writing - $BTC was up 0.72%, $ETH was up 4.58%, and SPX and NDQ are up 0.74% and 0.50%, respectively. After a strong Bitcoin dominance run the past month, altcoins are beginning to show signs of life versus bitcoin. The ETH/BTC ratio is up 3.80%, and altcoins such as $FTM, $LTC, and $SOL are outperforming BTC today - up...

ANOTHER RINSE Last week, we talked about the futures market getting ahead of its skis, trading with increased leverage despite a continued lack of follow-through in spot market demand. Well, rates and the dollar have remained stubbornly high on the back of continued hawkish rhetoric from central bankers, and as we will discuss below, global liquidity has pulled back in recent weeks. Thus, bulls received another blow on Thursday evening...

Markets moved slightly higher this morning, with $BTC and $ETH up 0.08% and 0.49% and SPX and NDQ up 0.01% and 0.12% today. This move comes as the dollar (DXY) reverses, down 0.20% today. While most altcoins are flat or slightly down today, there are a couple of standouts. ImmutableX ($IMX) is up 9.79% after the Ethereum gaming platform teased an announcement last night on Twitter, and $LTC has also...

Bitcoin ($BTC) broke out of its triangle pattern today, Monday 11/8, and could set a new all-time high close above 65,990.31.Relatively speaking, BTCUSD should begin to gain in relative strength based on a minor breakout in its Dominance chart which should help its market capitalization start to pick up speed$LTCUSD, $ALGOUSD, and $LINKUSD all should be favored for gains in the weeks ahead as these are making favorable technical breakouts...