BitDigest November 23 · Issue #790
- Crypto prices weather weekend trading and closing in on $550 billion marketcap
- Xi wants G20 to remain ‘open and accommodating’ to CBDCs
- The Office of the Comptroller is looking to ensure all financial entities are offered equal access to banking services
The Headlines
Xi Asks G20 to be Open to CBDCs
OCC Calls for Equal Service for All Financial Entities
PBoC Sees Yuan Strengthening Across Markets
South Africa Publishes Draft of Crypto Regulations
Regulators in Israel and Abu Dhabi Highlight Crypto Development
German Finance Minister Does Not Support Private Currencies
IMF Questions Legal Status of CBDCs
Saskatchewan Identifies Unregistered Mining Investment Operations
Suzhou Selected for Next DCEP Giveaway Trial
Amazon Pilots Cloud-based Stock Trading
Market Data
Bitcoin Hashrate Nearing All-Time-High
Thoughts on the Ecosystem
Bitcoin Will Take the Place of Gold
Many S&P500 Stocks More Volatile than Bitcoin
Reports you may have missed
MARKET COMMENTARYA PRETTY SIZEABLE MISS IN TODAY'S CONSUMER SENTIMENT SURVEY REVERSED MOST OF THE GAINS EXPERIENCED IN THE CRYPTO MARKET OVER THE PAST 24 HOURS. Consumer sentiment came in at 67.4, well below market expectations of 77.2. 1Y inflation expectations came in at 3.5%, well above the market forecast of 3.2%. We saw the DXY 0.00% turn sharply higher on the move, and most risk assets sold off. BTC 3.04% fell from...
U.S. equity indices are showing modest gains today following weekly jobless claims coming in higher than expected, showing 231k versus 212k estimated, putting downward pressure on the DXY 0.00% (-0.21%) and rates. The $SPY has gained 0.36%, approaching the $520 mark, while the $QQQ has risen 0.14% to the $440. Crypto assets are showing larger gains, with BTC 3.04% (+1.57%) rising above $62k and ETH 2.26% (+1.05%) surpassing $3,000. The Render Networkâs mobile app, OctaneX, was featured in Appleâs keynote presentation earlier...
The crypto market declined overnight, with BTC 3.04% dropping from $63k to $61k, SOL 0.20% from $150 to $145, and ETH 2.26% dipping below the $3k mark once again. The likely cause of the drawdown was upward pressure on the DXY 0.00% and a lack of follow-through in flows. Among the few outperformers of the day were RUNE 5.26% , the native token of the cross-chain swapping protocol Thorchain, and Ethereum Classic (ETC 0.18% ), possibly driven by...
Rates are broadly lower again on Tuesday, with the US 10Y nearing 4.4%, down from 4.7% just under a week ago. Risk assets are on the rise, with both the $SPX and $QQQ showing gains today. Crypto performance is mixed so far, with BTC 3.04% retesting the $63k level after US market open, following a rally to just over $64k in the early morning hours. Meanwhile, ETH 2.26% is still hovering just...