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BitDigest December 18 · Issue #807

Dec 18, 2020
Author
Gregory Landegger
Gregory Landegger

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CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...

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AAVE -1.41% APT 0.18% BTC 0.27% ETH -0.17% TOTAL XRP -1.46%
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BTC 0.27% ETH -0.17% SOL 0.43% SUI N/A% XRP -1.46% QQQ +0.85% SPY +0.48%
Jievani Weerasinghe NHRM1u4GD A Unsplash

MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY 0.48%  and QQQ 0.85%  have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC 0.27% briefly dropping below $62k and ETH -0.17% below $2.5k. Among altcoins, SUI 0.54% is showing...

AAVE -1.41% APT 0.18% BLAST 0.00% BTC 0.27% EIGEN -10.14% ETH -0.17% LDO -1.48% POL N/A% SUI N/A% TON -56.30% QQQ +0.85% SPY +0.48% XAU

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