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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 0.60% and QQQ 0.53% 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 0.77% briefly dropping below $62k and ETH 3.86% below $2.5k. Among altcoins, SUI 5.31% is showing...
MARKET UPDATE Crypto has gained sharply ahead of tomorrow’s FOMC meeting, at which the Fed is expected to begin its easing cycle. There is still uncertainty on the magnitude of the first rate cut, with markets pricing a 61% probability of 50bps as of this morning. BTC 0.77% has risen from $58k to $61k and ETH 3.86% has risen from the high $2,200s to $2,370. SUI 5.31% is outperforming today following news that...
CRYPTO MARKET UPDATE Following an overnight recovery, crypto prices have once again aligned with equities, which have drifted lower since the U.S. market open. BTC 0.77% is hovering around $55,000, ETH 3.86% is just below $2,300, and SOL 1.98% is trading just under $130. Before the broader market pullback over the past couple of hours, several altcoins had been outperforming, with AAVE 12.45% leading among the top 50. AAVE has continued to show strength...
MARKET UPDATE U.S. EQUITIES ARE DECLINING AS INVESTORS DERISK AHEAD OF TOMORROW’S SPEECH FROM FED CHAIR POWELL AT THE JACKSON HOLE ECONOMIC SYMPOSIUM, EXPECTED AT 10 AM EST. The SPY 0.60% has declined to $555, and the QQQ 0.53% to just below $475. Crypto rallied yesterday afternoon after it was reported that, if elected, Kamala Harris will support policies that ensure technologies like digital assets can continue to grow. BTC 0.77% rallied to...
