Crypto Research
1,011 Results
CRYPTO MARKET UPDATE The most notable market development over the past 24 hours has been the sharp increase in rate cut probabilities for next week’s FOMC meeting. After falling to just a 14% likelihood of a 50bps cut, the odds jumped to over 40% in after-hours trading following a large trade betting on two cuts. This shift may be linked to the optimism around the potential for two cuts conveyed...
MARKET UPDATE August PPI data was released this morning, with both MoM Core and Headline readings coming in slightly above expectations, sparking a rally in rates and gold and likely confirming only 25bps of rate cuts next week. Equities are gaining following the data, with the SPY 0.45% and QQQ 0.42% both gaining by more than 0.50%. Crypto is mostly higher, with total crypto market cap gaining 1.13%. BTC 4.19% is trading just...
CRYPTO MARKET UPDATE CPI came in slightly above market expectations, primarily driven by persistent shelter costs, though these were partially offset by deflationary energy prices. As a result, rate cut expectations for next week’s FOMC meeting have dropped to 25 basis points. Following the CPI release, crypto markets, along with other risk assets, initially sold off as the market digested the data. However, prices have since rebounded, with BTC 4.19% trading...
MARKET UPDATE Equity indices are relatively flat in Tuesday’s trading, with the SPY 0.45% and QQQ 0.42% decreasing about 0.10%. Crypto is showing slight declines, with BTC 4.19% trading around $57k and ETH 3.26% trading in the mid $2,300s. TON -54.56% has been a top performer this week as founder and CEO Pavel Durov has been released from French authorities, and he delivered a statement addressing the situation. TON -54.56% has gained 9.17% so far this...
CRYPTO MARKET UPDATE Following an overnight recovery, crypto prices have once again aligned with equities, which have drifted lower since the U.S. market open. BTC 4.19% is hovering around $55,000, ETH 3.26% is just below $2,300, and SOL 3.73% is trading just under $130. Before the broader market pullback over the past couple of hours, several altcoins had been outperforming, with AAVE -1.36% leading among the top 50. AAVE has continued to show strength...
MARKET UPDATE Risk assets are selling off following the release of Non-Farm Payrolls data this morning, showing 142k payrolls added in August compared to 165k expected, along with June and July numbers being revised sharply lower. The data has fueled recession fears while also sparking uncertainty over the Fed’s policy path and whether they will cut rates by 50bps or 25bps this month. Markets are currently leaning towards 25bps, assigning...
HNT Strength Persists Following $200k Burn, Broder Crypto Market Falls on Mixed Econ Data
CRYPTO MARKET UPDATE Jobless claims came in consistent with recent trends, while the ADP report fell well below market expectations, posting 99k jobs versus the 145k expected. Meanwhile, the ISM Services PMI showed another expansionary figure this month, continuing its divergence from ISM Manufacturing PMI. This initially provided a bounce in yields and risk assets, but over the past few hours, yields have started to roll over again while major...
MARKET UPDATE U.S. TREASURY YIELDS ARE DROPPING FOLLOWING SOFTER-THAN-EXPECTED JOLTS DATA, SHOWING 7.67 MILLION JOB OPENINGS IN JULY VERSUS 8.1 MILLION EXPECTED. The US10Y has fallen below 3.8%, with the 10Y-2Y spread briefly un-inverting. Equities are flat on the day, with the SPY 0.45% and QQQ 0.42% increasing less than 0.1%. Crypto is showing relative strength, with BTC 4.19% rebounding to $58.3k after reaching a low of $55.5k last night. ETH 3.26% is gaining...
CRYPTO MARKET UPDATE September is off to a bumpy start for markets. The ISM manufacturing PMI came in at a contractionary 47.2, below the expected 47.9, pushing treasuries higher while equities and crypto dipped. Defensive sectors are leading equities as the price action clearly signals a shift to risk-off sentiment. This week is pivotal, with key data releases including JOLTs job openings on Wednesday and the Non-Farm Payrolls (NFP) and...
MARKET UPDATE U.S. EQUITIES ARE RELATIVELY FLAT ON THE FINAL DAY OF TRADING FOR AUGUST, WITH THE ^SPX 0.45% 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 4.19% falling to $58.5k and ETH 3.26% 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 0.45% and QQQ 0.42% . Chip-adjacent stocks are also performing well, spurred by another earnings beat from NVDA -0.13% , benefiting...
MARKET UPDATE U.S. EQUITIES ARE DECLINING AHEAD OF NVIDIA EARNINGS LATER TODAY, WITH THE SPY 0.45% DECREASING TO $558.53, WHILE THE NVIDIA-HEAVY QQQ 0.42% 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 4.19% fell swiftly from $62k down to $58k while ETH 3.26% made a similar move, falling from $2.6k to $2.4k in less than...
