Stacks

$STX

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 -9.30%  is down 1.69%, SOL 3.17%  is down 2.13%, and LDO is down 3.72%. An exception to this is Bitcoin layer 2 blockchain, STX 3.51% , which is up 5.28% as...

Crypto markets rallied last night and this morning as BTC 3.42%  broke above $30,000 for the first time since June last year. At the time of writing, BTC 3.42%  is up 1.57%, ETH 3.78%  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...

Markets continue pushing higher on slowing PCE data, pointing to signs of slowing economic momentum ahead of the banking crisis. Consumer PCE increased 0.2% in February (vs. January's 2%). After adjusting for inflation, however, spending actually fell 0.1% MoM in February. SPX and QQQ have opened higher on the news before trading 1.0% and 1.1% higher at the time of writing. Digital asset markets have followed suit, with BTC 3.42%  and...

It is another wildly consequential week in global markets as the worldwide banking system continues to fend off liquidity concerns, and traders brace for a decision from the Fed on interest rates following their meeting on Wednesday. Bitcoin is coming off one of its best weeks in history, closing the week up 35% and moving north of $28k for the first time since last June. This afternoon, BTC 3.42%  (+0.4%) is...

Markets have largely received news of the Fed's balance sheet expansion to $8.6T earlier this week to be favorable but concerns around the stability of regional banks still loom. SPX (-1.3%)and QQQ (-1.0%) have opened lower today after First Republic Bank received its $30b infusion from other banks. BTC 3.42%  (+6.0%) briefly traded at $27k this morning before retracing to right below it, while ETH 3.78%  (+3.6%) did not break its $17.8k...

Equities are rising this Monday afternoon following their worst week of the year. The SPX and NDQ are trading 0.4% and 0.7% higher, respectively. Interestingly, the US 2Y yield pushed higher in the early morning hours to reach its highest level in over 15 years but has since retreated to below 4.8%. The crypto market rallied following the local peak in rates this morning but has since retraced some of those...

Traditional markets opened sharply lower today following higher YoY PCE data (5.4% in January vs 5.3% in December). With the Fed looking at PCE as their preferred gauge of inflation, the higher print incites fears that they will likely have to do more to cool price pressures. SPX and QQQ have opened and subsequently bled lower from yesterday's close, trading at -1.5% and -2.0% at the time of writing. With correlations to...

Equities are attempting a rebound following their worst day of the year. The SPX and NDQ are both trading 0.3% higher. Yields are also starting to show signs of exhaustion, as both the US 2Y and US 10Y are down over 1.0%. Traders anxiously await the Federal Reserve's latest meeting minutes to gain further color regarding its future hiking agenda. Meanwhile, Coinbase is trading lower on the day, despite beating...