Binance's U.S Based "VIPs", Tether Market Cap Nears All-time High
Crypto and Equities are up today, with the S&P gaining 0.30% while BTC was up 0.5% as investors assess weak job market data releases. Investors had reacted positively to poor economic data in anticipation that the Fed could pause ongoing rate hikes but attention is shifting to whether the Fed has induced a potential recession. Despite a short trading week for stocks, all eyes will be on the Labor Department’s March jobs report coming out tomorrow, which will show the economy’s resiliency and whether a soft or hard landing is developing on the back of the Fed’s rate hikes. ETH is underperforming BTC, down 0.8% over the last day. DOGE is underperforming among the top ten digital assets by market cap, falling 3.4% over the previous day as the hype-based rally from Twitter changing its logo begins to fizzle.
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 0.51% falling to $60k and ETH 1.92% approaching the low $2,300s. Aptos (APT -0.17% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -0.11% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.51% climbing back above $61,000 and SOL 0.97% moving above $145, while ETH 1.92% is lagging, trading around $2,400. Among today's outperformers is SUI 0.10% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...
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 -1.09% and QQQ -1.69% 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 0.51% briefly dropping below $62k and ETH 1.92% below $2.5k. Among altcoins, SUI 0.10% is showing...
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