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Traditional equity indices are continuing this week's decline, with the $SPY and $QQQ both down over 0.40%. The minutes from the last FOMC meeting are to be released at 2:00 PM EST today, which should shed some light on what the Fed thinks about inflation and the likelihood of another rate hike in September. The market is currently pricing the probability of a September hike at 11.5%. $BTC (-0.43%) and...

Equity indices are declining today on higher-than-expected PPI data for July. The $SPY and $QQQ have fallen 0.24% and 0.88%, respectively, while U.S. Treasury yields have risen across the board. Crypto markets are faring better, with $BTC (+0.17%) trading near $29.5k and $ETH (+0.12%) hovering around $1,850. Rocket Pool ($RPL) has been a strong performer over the last three trading days, rising 11.30% after Coinbase announced a strategic investment in...

Equity indices are slumping following a negative reaction to technology earnings and lower than expected jobless claims. The technology-oriented $QQQ is leading the decline, having fallen 1.52% at the time of writing, while the $SPY has fallen 0.36%. The $DXY (+0.65%) and U.S. Treasury yields are rising today as the market is repricing the odds of an additional rate hike as the labor market continues to show its resilience. Crypto...

Crypto markets are sharply rising after a judge has ruled that Ripple’s sales of $XRP do not constitute an offer of investment contracts. $XRP is up 35% following the announcement, and $BTC (+2.41%) has surpassed $31k and $ETH (+3.46%) is nearing $1,950. $MATIC (+9.80%) is outperforming today after a proposal was submitted to make MATIC a multipurpose token used to validate multiple blockchains. The proposal would have the token rebranded...

Equity indices are relatively flat to start this week’s trading, with the $SPY gaining 0.11% and $QQQ declining 0.21%. Small-cap technology stocks are outperforming today as the Nasdaq 100 has announced a “special rebalance” effective July 24th due to an overconcentration in the index. The rebalance will not add or remove any securities from the index and will redistribute the weightings. Crypto markets are showing minor gains, with both $BTC...

After a sharp downward move in equity indices following a blowout ADP report, the $SPY (+0.64%) and $QQQ (+0.74%) have stabilized in Friday’s trading, as the US nonfarm payrolls report showed 209k jobs added in June versus 230k expected. Crypto markets have shaken off negative headlines regarding key Binance executives exiting the firm amid claims they did not support Changpeng Zhao’s (CZ) response to an ongoing DOJ investigation. CZ addressed...

BTC is up 1.7% today, retesting above $31K as crypto markets shrug off last week's negative ETF-related headlines. Most ETF applicants have now refiled to address the SEC's concerns that applications were inadequate without naming exchanges tasked with market surveillance. Equities with high beta to BTC have seen significant gains today. Publicly traded BTC miners Marathon Digital ($MARA) are up 10.53%, CleanSpark ($CLSK) is up 13.29%, and Terawulf ($WULF) gained...

Traditional indices are mixed today following stronger than expected economic data. The $SPY and $QQQ are trading +0.26% and -0.35%, respectively. The US Dollar and US Treasury yields have rallied today as the strong economic data reinforces the higher-for-longer mantra regarding US interest rates. All eyes will be on the May PCE data release tomorrow, which should give investors a better view into the ongoing inflation fight. After dipping yesterday,...

After three consecutive days of declines, traditional indices are rebounding, with the $SPY and $QQQ rising 0.10% and 0.61%, respectively. In contrast, after three days of sharp gains, $BTC (-0.22%) and $ETH (-0.57%) have cooled off. The emergence of multiple Bitcoin spot ETF applications from reputable financial institutions has sparked a Bitcoin-led rally, with Bitcoin dominance ($BTC.D) rising to 51.34%, its highest level since April 2021. Despite Bitcoin outperforming most...

Today’s busy news day kicked off earlier this morning with the release of the latest Producer Price Index. Data came in below expectations at MoM and YoY, likely cementing a pause in interest rate hikes at today’s FOMC meeting. Traditional indices are up slightly in anticipation of the 2:00 PM decision, with the $SPY (+0.27%) and $QQQ (+0.31%) at 2023 highs. $BTC (+0.29%) and $ETH (+0.15%) are rising in a...

Markets are falling today as investors begin to get concerned about a debt ceiling resolution. Equity indices continue yesterday’s sharp selloff, with the $SPY and $QQQ falling by over 0.85%. In crypto markets, $BTC (-3.39%) is testing the low $26,000s, while $ETH (-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...