FTX Reorganization Plan Receives Complaints, Telegram Founder Arrested
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CRYPTO MARKET UPDATE Despite a $200 million inflow into BTC ETFs yesterday, crypto prices have declined over the past 24 hours. BTC -5.14% has fallen back below $62K, ETH -8.13% is under $2,600, and SOL -5.85% is just below $155. Only a few coins are in the green today, including TON 9.92% , rebounding from its recent selloff, MKR -4.80% , following its major rebrand announcement, and STX -3.59% , likely benefiting from the ongoing activation of the Nakamoto...
CRYPTO MARKET UPDATE Risk assets are surging following Fed Chair Jerome Powell's dovish pivot at Jackson Hole, signaling a shift in policy aimed at addressing potential weaknesses in the job market through rate cuts. The DXY has dropped significantly, reaching a new year-to-date low and approaching the 100 mark. Cryptoassets are rallying, with BTC -5.14% nearing $62,000 as it works to break through its 50-day moving average, which has provided significant...
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 0.11% has declined to $555, and the QQQ 0.26% 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 -5.14% rallied to...
CRYPTO MARKET UPDATE This morning's big news came from the BLS, which revised payrolls down by 818k for the 12 months ending in March. In response, the DXY turned negative as yields fell and market confidence in upcoming Fed cuts grew. Price action continues to suggest that the market views a soft landing as possible, with risk assets rallying in tandem with Treasuries. BTC -5.14% spiked to $60k following the U.S....
