Crypto Research
0 Results
Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...
MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 2.58% falling to $60k and ETH 4.62% approaching the low $2,300s. Aptos (APT 1.48% ) 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 6.16% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 2.58% climbing back above $61,000 and SOL 5.03% moving above $145, while ETH 4.62% is lagging, trading around $2,400. Among today's outperformers is SUI 9.69% , 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 -0.12% and QQQ -0.43% 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 2.58% briefly dropping below $62k and ETH 4.62% below $2.5k. Among altcoins, SUI 9.69% is showing...
CRYPTO MARKET UPDATE Crypto markets have broadly moved lower over the past 24 hours, though there are notable pockets of resilience. BTC 2.58% is testing its 200-day moving average, just below $64,000, while ETH 4.62% is showing relative strength, trading above $2,600. SOL 5.03% has outpaced both majors, trading just above $156. Among the top 100, standout performers include BONK 13.34% , BEAM 2.40% , WIF 15.13% , AR 0.68% , and TAO 8.60% . Meanwhile, US equity markets are rebounding from a...
MARKET UPDATE August PCE data came in slightly below expectations, with Core MoM PCE reading 0.1% vs. 0.2% expected, reaffirming that inflation is receding steadily. Debates over the size of the Fed’s next rate cut have already begun, with odds for 50bps increasing slightly after the PCE data, rising to 52.1% compared to 49.3% yesterday. Stocks are relatively flat to end the week, with the SPY -0.12% gaining 0.14% and the...
MARKET UPDATE The PBoC has announced a fresh package of economic stimulus, weighing a $142 billion injection into top domestic banks and pledging to stabilize the housing and stock markets. Domestically, durable goods data came in better than expected, and GDP met expectations, providing more confidence in the stability of the U.S. economy. Crypto is responding positively to both developments, as BTC 2.58% has gained to $65.3k and ETH 4.62% to $2,650,...
AI Miners Continue Outperformance, CB Premium Remains Muted Despite Flows Increasing
CRYPTO MARKET UPDATE The crypto market has been consolidating over the past 12 hours following Bitcoin’s first daily close above its 200-day moving average since last August. BTC 2.58% is hovering just below $64K, while ETH 4.62% is holding above $2,600, and SOL 5.03% remains strong above $150. SEI 4.08% , one of the high-performance L1s that rallied significantly in Q1, is leading the market today, following a similar path to SUI 9.69% . Other notable outperformers...
MARKET UPDATE Equities are gaining following the People’s Bank of China announcing the largest stimulus package since the pandemic. China-related names are surging, with FXI 3.72% and KWEB 4.42% gaining more than 8%. The SPY -0.12% and QQQ -0.43% have gained 0.22% and 0.67%, respectively. Crypto is mixed, with altcoins outperforming the majors. BTC 2.58% has declined modestly to $63k, and ETH 4.62% is trading just above $2,600. TIA 3.05% has been one of the top gainers...
CRYPTO MARKET UPDATE Crypto began the final full week of September trading—historically the worst time of the year for the asset class—with a positive move higher. BTC 2.58% briefly pushed above $64K during Sunday's session, attempting to break through its 200-day moving average. Meanwhile, ETH 4.62% has quietly rallied 10% against BTC 2.58% over the past five days, now trading above $2,660, while SOL 5.03% has retreated to $144 after reaching $152 on Friday....
CRYPTO MARKET UPDATE The last key macro risk for crypto markets this week was Friday’s Bank of Japan (BOJ) meeting, with concerns around potential rate hikes or hawkish commentary. However, the BOJ held rates steady, reaffirming its stance not to raise rates in unstable market conditions. In response, crypto markets surged overnight, with BTC 2.58% briefly crossing $64K, ETH 4.62% rising above $2,570, and SOL 5.03% climbing past $152. Since the U.S. market...
MARKET UPDATE Yesterday’s FOMC meeting resulted in the Federal Reserve reducing interest rates by 50 bps, and Fed Chair Powell striking an optimistic tone about the state of the U.S. economy. Risk assets are rallying today, with crypto leading the charge. BTC 2.58% has gained to $63.7k and ETH 4.62% is approaching $2,500. Altcoins are seeing outsized rallies, with TIA 3.05% and DYM 6.09% outperforming, with both gaining over 14% today. APT 1.48% has similarly...
