Solana
$SOL
$20.51
-1.98%
58 Results
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...
LOOKS LIKE A PAUSE The Federal Reserve approved its 10th interest rate increase in just over a year, raising the Fed funds rate by 0.25 percentage points to a target range of 5%-5.25%. Many interpreted the Fed's comments as signaling a potential pause in the tightening cycle, mainly due to the removal of a sentence in the post-meeting statement. The statement no longer mentioned that "the Committee anticipates that some...
Prices slid lower this morning ahead of the Fed's FOMC meeting at 2 pm ET before bouncing back after the Fed's interest rate decision of 25bps was released. Bitcoin and Ethereum are up 0.23% and 0.82%, respectively, while most altcoins are down. ARB -5.65% is down 1.69%, SOL -1.98% is down 2.13%, and LDO -5.10% is down 3.72%. An exception to this is Bitcoin layer 2 blockchain, STX -5.62% , which is up 5.28% as...
Block Completes Design for ASIC Chip and New Memecoin Enters Top 100 Largest Coins by Market Cap
Crypto had a choppy weekend, which concluded in prices falling last night. At the time of writing, BTC -2.60% is down 3.68%, and ETH -2.07% is down 2.15%. Altcoins were also down across the board, SOL -1.98% is down 4.75%, and ARB -5.65% is down 3.66%. An exception to this market correction is a new meme coin called PEPE which has rapidly made its way into the top 100 coins by market cap. PEPE...
The NDQ has slid 0.3% on Monday as investors anticipate corporate earnings reports from major tech companies, while the SPX is effectively flat. Investors are closely watching for earnings results from mega-cap tech firms, including Alphabet, Microsoft, Amazon, and Meta, marking the halfway point of the earnings season. Both BTC -2.60% and ETH -2.07% are moving lower in concert with major equity indices, and most altcoins, including MATIC -0.08% and SOL -1.98% , are following...
Crypto markets declined sharply late last night before finding some footing this morning. At the time of writing, BTC -2.60% is down 3.11%, and ETH -2.07% 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...
ETH MOVING SHANGHIGHER As we mentioned last week, the market was overly pessimistic regarding the supply-side effects of the upcoming Ethereum staking withdrawals. Factors such as existing liquidity for most stakers, withdrawal queue limitations, and a market that de-risked in anticipation of the Shapella upgrade all helped to reduce the likelihood of a sudden supply overhang. With this in mind, it seemed reasonable to expect an ETHBTC rally in the...
Crypto markets rallied last night and this morning as BTC -2.60% broke above $30,000 for the first time since June last year. At the time of writing, BTC -2.60% is up 1.57%, ETH -2.07% is up 0.09%, and SPX and NDQ are down 0.04% and 0.71%, respectively. Bitcoin continues to outperform relative to most of the crypto market - the Bitcoin Dominance ratio is up 0.45% today and has reached its highest level...
SHAPELLA ARRIVES We are now less than a week away from staking withdrawals being enabled on the Ethereum network. We have been discussing this topic frequently throughout our research, but to reiterate, we maintain that the market is overly pessimistic about the supply-side effects of this event. To reiterate the key points behind our rationale:LIQUIDITY ACCESS FOR MOST STAKERS: Approximately 60% of the staked ETH is through liquid staking providers...
After a choppy weekend, BTC -2.60% and ETH -2.07% are flat on the day, down 0.68% and up 0.06%, respectively. SPX is down 0.02% at the time of writing, and NDQ is down 0.92%. Most altcoins have underperformed BTC and ETHâSOL -1.98% is down 1.32%, OP -8.26% is down 1.82%, and ATOM -2.80% is down 1.12%. Ethereum Layer 2, Arbitrum, was hit the hardest this weekend after the team backtracked on a governance proposal (which...
