SEC Reviews Bitcoin ETF Applications, Geist Finance Closes After Multichain Exploit
Equities markets open marginally higher after inflation data last week showed a slowdown in price increases, fueling hopes that the Fed can achieve price stability without triggering a recession. ^SPX 0.77% and QQQ 0.60% are up 0.2% and 0.4%, respectively, with earnings season to roll through further this week. Despite last week’s encouraging developments on the court’s ruling against Ripple, the digital asset market has retraced most of its gains since Wednesday. BTC has since retraced back to $30k and is flat on the day, while ETH fell back below $2k to $1.91k and is down 0.5% in the same period. Apart from XRP, $1INCH has gained the most within the top 100, appreciating by ~46%. This price action can be partially attributed to the surge in volume from South Korean exchange Upbit, which has also done the same for Bitcoin Cash and Aptos in recent weeks..
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Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -0.95% falling to $60k and ETH -1.03% approaching the low $2,300s. Aptos (APT 0.58% ) 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 -0.75% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.95% climbing back above $61,000 and SOL -4.29% moving above $145, while ETH -1.03% is lagging, trading around $2,400. Among today's outperformers is SUI -1.20% , 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 0.77% and QQQ 0.60% 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 -0.95% briefly dropping below $62k and ETH -1.03% below $2.5k. Among altcoins, SUI -1.20% is showing...
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