Implied Vols Tick Higher Ahead of CPI, First EVM on Solana Set to Launch

Dec 12, 2022
body{ background-color:'#041529';} body,table,td,p{ font-size:22px; } body div center ul, body div center li { margin-left: 10px !important; margin-right: 0 !important; } a { color:'#3E84CE'; } .font_small, .font_small td, .font_small p{font-size:16px;} .font_big, .font_big td, .font_big p{font-size:26px;} @media screen and (max-width: 640px){ body,table,td,p{ font-size:28px; } .font_mobile, .font_mobile li, .font_mobile div, .font_mobile p {font-size:30px;} .font_small, .font_small td, .font_small p{font-size:24px;} .font_big, .font_big td, .font_big p{font-size:28px;} } Most Important Daily Data and News for Digital Assets Crypto Daily ReportDecember 12, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FS INSIGHT Tickers on this report: BNB, BTC, DASH, DXY, ETH, NEON, QQQ, SPX Market UpdateSean Farrell Head of Digital Asset StrategyThis is a big week for both legacy and crypto markets, as we are scheduled to get the last CPI print of the year tomorrow, followed by an expected 50 bps increase in rates following the FOMC meeting on Wednesday. Equity markets have inched higher, with the $SPX up 0.5% and the $QQQ up 0.3% at the time of writing. Meanwhile, the $DXY and US 10Y are both about 15 bps higher. Crypto markets are down slightly over the preceding 24 hours, with $BTC tradin

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We are finally starting to see some relief in interest rates and the DXY 0.00% following yesterday's FOMC meeting and the Treasury's quarterly refunding announcement. BTC 4.03% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 3.07% is attempting to break through $3k resistance. SOL 8.17% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth...

We are witnessing a continuation of the recent weakness in crypto markets today, with BTC 4.03% now testing $60k, ETH 3.07% just below $3k, and SOL 8.17% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

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