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BTC ETF Inflows Surge, ETH ETF Volumes Impress

Jul 23, 2024
Author
Sean Farrell
Sean Farrell AC

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CRYPTO MARKET UPDATE U.S. EQUITY INDICES ARE MOVING LOWER, WITH THE SPY -0.46%  TRADING AT $540.95 AND THE QQQ -0.89%  SHOWING MORE PRONOUNCED LOSSES, TRADING AT $457.75. Economic data this morning exceeded expectations, with job openings and consumer confidence both surpassing estimates, although rates are still showing modest declines. Crypto assets are mixed, with BTC -0.14% holding slightly above $66k and ETH -1.46% gaining slightly to $3,320, and ETHBTC increasing above 0.05. Yesterday marked...

ADA 0.14% ALGO -3.69% ATOM -1.75% AXS -1.69% BTC -0.14% COTI -3.62% ETH -1.46% ETHBTC FIL -2.44% MANA -3.13% MATIC -2.23% SAND -1.96% SOL -1.71% XRP -1.05% GBTC -0.1% QQQ -0.89% SPY -0.46%
Executium PCWOez71S1E Unsplash

CRYPTO MARKET UPDATE AFTER ANOTHER DAY OF SIZEABLE OUTFLOWS FROM ETHE 1.45% , THE GRAYSCALE-ISSUED ETF NOW RETAINS JUST 85% OF THE AUM IT BEGAN WITH ON TUESDAY. However, crypto has rallied strongly since the US market closed yesterday, with BTC -0.14% briefly moving above the $68k level, ETH -1.46% rebounding sharply to $3,250, and SOL -1.71% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...

BTC -0.14% CFX -2.55% ETH -1.46% JUP -29.05% RNDR -3.51% SOL -1.71% GBTC -0.1% IBIT
Executium TN 6BYSMrQs Unsplash

CRYPTO MARKET UPDATE RATES ARE BROADLY LOWER, WITH A NOTABLY STRONGER RALLY AT THE FRONT END OF THE CURVE AS THE MARKET APPEARS TO BE TAKING POTENTIAL RATE CUTS OVER THE NEXT COUPLE OF FOMC MEETINGS MORE SERIOUSLY. Despite significant weakness in equities today, the crypto market is looking relatively healthy, with BTC -0.14% and many altcoins in the green. BTC -0.14% briefly rallied above $67k but has since drifted back down...

BTC -0.14% ETH -1.46% SOL -1.71% GBTC -0.1% IWM -0.19% QQQ -0.89% ^SPX
Executium 7cmA9ZL5dDk Unsplash

CRYPTO MARKET COMMENTARYAPRIL PPI CAME IN MIXED THIS MORNING, WITH A LARGE UPSIDE SURPRISE IN MOM READINGS (0.5% VS. 0.3% EXP.) AND YOY METRICS LARGELY IN LINE WITH EXPECTATIONS. The upside in the MoM reading was offset by March figures being revised downwards. Yields initially spiked upon the data release but have turned negative across the curve. Equities are showing mild gains as attention shifts towards tomorrow’s CPI data release. The SPY -0.46%  has gained 0.17% and the QQQ -0.89%  has gained 0.31%. Crypto assets are...

BTC -0.14% ETH -1.46% GBTC -0.1% IBIT QQQ -0.89% SPY -0.46%

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