Over One Billion in Crypto ETP Inflows, Jupiter Airdrop
Equities are falling while rates gain after comments from Fed Governor Waller suggested that central bank policy will ease slower than the market is anticipating. The 10-year Treasury yield jumped to 4.07% while the dollar index gained 0.7% to reach 103.4. BTC is up 1% today, stabilizing at $43k after volatile price action from last weekâs spot ETF launches, which saw it rally to $49k only to fall 15% to $42k in the first few trading days. ETH continues to outperform after gaining 1.4% to reach $2.56k. Notable outperformers in the top 100 today include SportFi L1 CHZ (+18.2%), NFT marketplace BLUR (+17.5%), and decentralized AI network TAO (+9.9%). Investors are anticipating the release of December’s retail sales data on Wednesday, wary that a potential decline in U.S. consumer spending could intensify fears of a recession and raise alarms about the state of economic growth.
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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 -1.56% falling to $60k and ETH -5.61% approaching the low $2,300s. Aptos (APT N/A% ) 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 -9.72% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -1.56% climbing back above $61,000 and SOL -6.40% moving above $145, while ETH -5.61% is lagging, trading around $2,400. Among today's outperformers is SUI -11.10% , 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 0.11% and QQQ 0.23% 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 -1.56% briefly dropping below $62k and ETH -5.61% below $2.5k. Among altcoins, SUI -11.10% is showing...
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