BitDigest June 8 · Issue #674
Reports you may have missed
MARKET UPDATE U.S. EQUITY INDICES ARE MOVING LOWER, WITH THE SPY -0.90% TRADING AT $540.95 AND THE QQQ -2.03% SHOWING MORE PRONOUNCED LOSSES, TRADING AT $457.75. Economic data this morning exceeded expectations, with job openings and consumer confidence both surpassing estimates, although rates are still showing modest declines. Crypto assets are mixed, with BTC -1.80% holding slightly above $66k and ETH -1.64% gaining slightly to $3,320, and ETHBTC increasing above 0.05. Yesterday marked the...
CRYPTO MARKET UPDATE THE BIG NEWS THIS WEEKEND WAS THE SPEECH GIVEN BY FORMER PRESIDENT TRUMP AT THE BITCOIN CONFERENCE, WHERE HE OUTLINED HIS PLANS FOR INTEGRATING BITCOIN AS A STRATEGIC RESERVE ASSET. This announcement triggered significant volatility as traders placed highly leveraged bets in both directions. As the volatility settled, prices rallied from Sunday into Monday morning, with BTC -1.80% briefly rising above $70,000 on most exchanges for the first...
CRYPTO MARKET UPDATE AFTER ANOTHER DAY OF SIZEABLE OUTFLOWS FROM ETHE -1.50% , THE GRAYSCALE-ISSUED ETF NOW RETAINS JUST 85% OF THE AUM IT BEGAN WITH ON TUESDAY. However, crypto has rallied strongly since the US market closed yesterday, with BTC -1.80% briefly moving above the $68k level, ETH -1.64% rebounding sharply to $3,250, and SOL -4.53% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...
CRYPTO MARKET UPDATE CRYPTO WAS CERTAINLY LOOKING STRONG RELATIVE TO EQUITIES YESTERDAY UNTIL ASIAN MARKET HOURS COMMENCED. Shortly after the HK market opened, we saw increased sell pressure and approximately $100 million in liquidations across all crypto assets, bringing BTC -1.80% down to below $64,000, ETH -1.64% down to $3,150, and SOL -4.53% to just below $170. This contrast in price action during U.S. and Asia market hours has been consistent throughout July....
