Market Update
1,026 Results
MARKET UPDATE U.S. EQUITIES ARE RELATIVELY FLAT ON THE FINAL DAY OF TRADING FOR AUGUST, WITH THE ^SPX OSCILLATING AROUND $5,600 AND THE NDQ TRADING NEAR $19,400. Rates and the dollar are gaining today despite PCE and Consumer Confidence data providing more assurance that inflation is receding. Crypto is underperforming, with BTC -2.01% falling to $58.5k and ETH 0.87% at $2,450, as ETF flows and spot volumes have been muted this week....
CRYPTO MARKET UPDATE In stark contrast to the recent BLS job number revisions, the government revised its Q2 GDP estimate higher this morning to 3%, leading to a jump in rates and the DXY. However, this data also apparently boosted confidence in the soft landing trade, as rate-sensitive indices like IWM are outpacing ^SPX and QQQ 1.52% . Chip-adjacent stocks are also performing well, spurred by another earnings beat from NVDA 1.67% , benefiting...
MARKET UPDATE U.S. EQUITIES ARE DECLINING AHEAD OF NVIDIA EARNINGS LATER TODAY, WITH THE SPY 1.54% DECREASING TO $558.53, WHILE THE NVIDIA-HEAVY QQQ 1.52% HAS DROPPED TO $472.20. The crypto market has suffered from large amounts of liquidations over the last 24 hours, totaling over $355 million as yesterday evening, BTC -2.01% fell swiftly from $62k down to $58k while ETH 0.87% made a similar move, falling from $2.6k to $2.4k in less than...
CRYPTO MARKET UPDATE Despite a $200 million inflow into BTC ETFs yesterday, crypto prices have declined over the past 24 hours. BTC -2.01% has fallen back below $62K, ETH 0.87% is under $2,600, and SOL -0.03% is just below $155. Only a few coins are in the green today, including TON -1.50% , rebounding from its recent selloff, MKR, following its major rebrand announcement, and STX N/A% , likely benefiting from the ongoing activation of the Nakamoto...
MARKET UPDATE CRYPTO MARKETS EXTENDED LAST WEEK’S RALLY OVER THE WEEKEND, WITH BTC -2.01% BRIEFLY RISING ABOVE $65K AND ETH 0.87% ABOVE $2.8K. They have trimmed some of their gains, with Bitcoin trading at $63.3k and Ethereum slightly above $2.7k. AI-related tokens have been outperforming ahead of Nvidia earnings set for this Wednesday. FET -0.87% , RNDR, and AKT -1.20% have gained 69%, 38%, and 25%, respectively over the last seven days. U.S. equities are...
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 -2.01% 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 1.54% has declined to $555, and the QQQ 1.52% 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 -2.01% 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 -2.01% spiked to $60k following the U.S....
MARKET UPDATE RISK ASSETS ARE MOVING LOWER IN TUESDAY TRADING AHEAD OF A DENSE REST OF THE WEEK FOR MACROECONOMIC EVENTS. After rallying above $61k, BTC -2.01% has dropped below $59k, and ETH 0.87% has followed suit, moving below $2,600. SOL -0.03% is underperforming today after the SEC reportedly rejected two 19b-4 filings for Solana spot ETFs under the assumption that Solana should be designated as a security. Tron (TRX 0.68% ) is one of...
CRYPTO MARKET UPDATE BTC -2.01% continues to trade in a tight range, hovering just above $58K after retesting $60K over the weekend. Similarly, ETH 0.87% is moving sideways, currently just under $2,600, while SOL -0.03% is trading just over $142 after revisiting the mid-$130s late last week. Using perpetual futures funding rates as a gauge for market sentiment, it seems market participants remain cautious, with BTC's open interest-weighted funding rate flipping negative again...
Uniswap Sponsors $2.5 Million Audit Competition, Flexa Launches Crypto Point-of-Sale Toolkit
MARKET UPDATE EQUITIES ARE SHOWING SLIGHT INCREASES TODAY AS INVESTORS WEIGH DISAPPOINTING HOUSING DATA AGAINST IMPROVED CONSUMER CONFIDENCE AND STEADY INFLATION EXPECTATIONS. The SPY 1.54% and QQQ 1.52% have both increased by approximately 0.2%. Crypto assets are mixed with BTC -2.01% and ETH 0.87% gaining following yesterday’s late-day selloff, while altcoins are broadly lower. Net flows this week have been muted for both Bitcoin and Ethereum, with Bitcoin ETFs seeing $3.5 million in outflows...
CRYPTO MARKET UPDATE THE GOLDILOCKS ECONOMIC SCENARIO, WHERE INFLATION RECEDES WHILE THE ECONOMY AVOIDS A RECESSION, IS BACK IN VIEW AFTER STRONG RETAIL SALES DATA AND LIGHTER-THAN-EXPECTED JOBLESS CLAIMS HAVE EASED FEARS OF A FED POLICY ERROR. The SPY 1.54% has gained to $552, and the QQQ 1.52% has surged to $473, erasing all of August’s declines. Crypto assets are also increasing, with BTC -2.01% approaching $60k and ETH 0.87% trading near $2,670. Chainlink...