Market Update
974 Results
Securitize Begins Issuing Tokenized Securities in Europe and Blackrock Starts 'Digital First' Investment in India
BTC and ETH -3.06% were each flat today, declining 0.11% and 0.14%, respectively. Most altcoins have had a relatively uneventful day as well, apart from a few standouts. One of these is on chain analytics protocol Arkham Intelligence (ARKM), which has risen 6.08% after declining the past week following its airdrop of 30 million tokens to ~65k wallets. DOGE also continues to outperform, rising on speculation that Elon Musk could integrate the memecoin into...
The Federal Reserve is expected to approve its 11th interest rate increase since last March, and concerns seem centered on whether this move is excessive given disinflationary trends. The benchmark borrowing rate is projected to reach its highest level since early 2001. Major equity indices are starting the day lower as investors await the Fed's decision, and the DXY is moving lower alongside longer-term rates. In the crypto market, BTC...
Risk assets have remained relatively stable before tomorrow's FOMC meeting and critical earnings releases scheduled after today's close (Microsoft/Alphabet). The S&P was up 0.38% at writing, while the Nasdaq gained 0.83%. Notably, Chinese markets experienced a significant rise as the country committed to implementing substantial changes to support the property market and enhance consumer demand. Hong Kong and mainland equities surged approximately 4.1% and 2.1%, respectively. BTC is stabilizing after...
After weeks of choppy price action, crypto markets fell this morning, with Bitcoin dropping 3.18% and ETH -3.06% dropping 2.26%. Higher beta altcoins were hit harder - ARB 0.02% , SOL -3.95% , and OP declined 5.50%, 5.82%, and 4.43, respectively. Despite poor performance from most mid-cap altcoins, on-chain activity on Ethereum has remained relatively high, with many on-chain coins such as UNIBOT, rising significantly, perhaps pulling liquidity away from the altcoins listed on centralized...
BTC and ETH -3.06% continue trading in a tight range, gaining 0.4% over the last day. BTC continues to ping pong around the $30k level, trading for ~29.8k at writing, while ETH -3.06% traded at ~$1.9k. BTC has been ranging for an entire month now, as the market needs a catalyst for a break in either direction. On the bullish side, there has been positive regulatory momentum coupled with optimism over the...
Chainlink Launches CCIP Protocol, Radiant Capital Receives $10M Investment from Binance
Equity indices are slumping following a negative reaction to technology earnings and lower than expected jobless claims. The technology-oriented QQQ -3.38% is leading the decline, having fallen 1.52% at the time of writing, while the SPY -2.10% 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 up today, with majors rising slightly and altcoins showing the highest returns. BTC continues to hover around the $30k level, trading at $29.9K and up 0.44% at the time of writing. ETH -3.06% has risen 0.22%, trading at 1.9k. Altcoins are a mixed bag today, with some of them declining and others up significantly. One of the standouts is Ethereum Layer 2 Optimism (OP), which has risen 11.04%...
Despite underwhelming retail sales data, positive earnings reports are driving equity markets upward. The increase in advance retail sales for June was a mere 0.2% month-over-month, falling below economists' predicted 0.5% increase. Nevertheless, the QQQ index has seen a 60 bps rise, and the SPX index a 52 bps increase. Cryptoassets are diverging from equities, not mirroring the rally spurred by solid earnings. At present, most cryptoassets are on a...
Equities markets open marginally higher after inflation data last week showed a slowdown in price increases, fueling hopes that the Fed can achieve price stability without triggering a recession. ^SPX -2.10% and QQQ -3.38% are up 0.2% and 0.4%, respectively, with earnings season to roll through further this week. Despite last week's encouraging developments on the court's ruling against Ripple, the digital asset market has retraced most of its gains since Wednesday....
After Ripple's victory over the SEC yesterday, token prices experienced a rapid increase, with XRP surging by 65% in the past 24 hours, making it the fourth largest token. BTC is up 1.1% while ETH -3.06% gained 2.1%. Tokens alleged to be securities by the SEC, like MATIC, ADA, and SOL -3.95% , have outperformed, with gains ranging from 20% to 30%. In addition, Coinbase's stock (COIN -4.78% ) saw a significant jump of 24%...
Crypto markets are sharply rising after a judge has ruled that Rippleâs 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 -3.06% (+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...
