Crypto Research

U.S. equities and crypto markets are falling today as investors digest the idea of a higher-for-longer interest-rate future. Following yesterday’s FOMC meeting, expectations for the 2024 and 2025 federal funds rate sharply increased (see below). The SPX and NDQ are both down over 1% at the time of writing, while BTC 0.18%  (-1.63%) and ETH 0.06%  (-1.98%) are showing larger declines. ETHBTC has fallen below 0.06, its lowest level since July 2022....

Equity markets are flat today in anticipation of the Fed’s interest rate decision and revised dot plot announcement this afternoon. BTC 0.18%  is down 0.5% today, continuing to range between $26.9k and $27.4k for the last week. ETH 0.06%  is underperforming, down 1.5% in USD, and reaching 14 month lows against BTC. The ETHBTC pair has broken the 0.06 level, trading at 0.59 at writing. This follows notable on-chain transfers from whales...

Major equity indices are trending lower today, while interest rates are on the rise, with the US 10-Year seemingly poised to hit a new YTD high. The DXY started the day strong but has since plateaued, currently sitting flat. In the commodities market, gold, which BTC 0.18%  has directionally tracked quite well this year, is also up. In the crypto market, Bitcoin experienced a morning rally, surging back up to nearly...

U.S. equity indices are showing modest gains in Monday’s trading as investors remain focused on Wednesday’s FOMC meeting in which interest rates are expected to be held at current levels. Crypto markets are rallying as BTC 0.18%  (+2.92%) has risen above $27k, and ETH 0.06%  (+2.26%) has rallied to $1,660. Chainlink (LINK 3.56% ) is outperforming today, rising 10.22% amid optimism regarding its partnership with SWIFT to scale tokenized asset adoption. Chainlink leadership spoke...

After a week of economic data releases supporting a potential reacceleration of inflation, US Treasury yields are rising across the board, while US equity markets are declining. The SPY and QQQ have dropped 1.26% and 1.82%, respectively, at the time of writing. Crypto markets are performing similarly, with BTC 0.18%  (-0.94%) trading at $26.3k and ETH 0.06%  (-0.65%) faring slightly better, holding around the low $1,600s. Although many had written off the...

U.S Equities are flat while BTC 0.18%  has jumped back above $26k amid a mixed CPI report. August CPI increased 0.6% MoM, in line with expectations. The Fed’s preferred core CPI measure (ex. food & energy) increased 0.3% monthly, above estimates of 0.2%. The release has not changed CME market expectations of a pause at next week’s FOMC, currently at 97% at writing. Investors will be keen to hear whether further...

The U.S. Equity market is declining today as investors await the August CPI data, which is set to be released tomorrow at 8:30 AM EST. The S&P 500 has fallen 0.21%, while the Nasdaq 100 is faring slightly worse, dropping 0.67%. The crypto market is showing strength today, with BTC 0.18%  (+3.75%) squeezing back above $26k and ETH 0.06%  (3.21%) rising above $1,600. As Bitcoin moves higher and optimism around a spot...

BTC 0.18%  continues to slide after trending lower over the weekend, reaching levels not seen since mid-June at $25.1k. Notably, the daily time frame is nearing a bearish “death cross,” which occurs when the 50-day simple moving average (SMA) crosses under the longer-term 200-day SMA. While not a surefire predictor of an impending bear market, it indicates a clear shift in trend, with investors showing caution in a seasonally bearish period....

Today has been another interesting day of price action across crypto and crypto-equities markets. BTC 0.18%  has mostly undone its previous rally, now fluctuating just below the $26k mark after peaking at $26.5k yesterday. ETH 0.06%  mirrors this trend, currently trading around $1,630. Altcoins have generally followed suit, albeit with a less significant upswing initially. Notably, SNX -5.18%  and DYDX -0.14%  are today's most significant underperformers, likely due to recent CFTC settlements against DeFi...

The DXY is continuing its rise, holding above $105, as initial jobless claims came in softer than expected (216k actual vs. 234k expected), reigniting higher-for-longer fears. Equity markets are responding negatively, with the SPX (-0.25%) falling to $4,455 and the NDQ (-0.68%) dropping to $15,250. Crypto markets are holding slightly stronger, potentially responding to Ark Invest filing for a spot Ether ETF (more below). BTC 0.18%  (+0.70%) has risen to $25.9k...