Crypto Research
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CRYPTO MARKET UPDATE U.S. EQUITY INDICES ARE MOVING LOWER, WITH THE SPY 0.60% TRADING AT $540.95 AND THE QQQ 0.53% SHOWING MORE PRONOUNCED LOSSES, TRADING AT $457.75. Economic data this morning exceeded expectations, with job openings and consumer confidence both surpassing estimates, although rates are still showing modest declines. Crypto assets are mixed, with BTC 2.01% holding slightly above $66k and ETH 5.03% gaining slightly to $3,320, and ETHBTC increasing above 0.05. Yesterday marked...
CRYPTO MARKET UPDATE THE BIG NEWS THIS WEEKEND WAS THE SPEECH GIVEN BY FORMER PRESIDENT TRUMP AT THE BITCOIN CONFERENCE, WHERE HE OUTLINED HIS PLANS FOR INTEGRATING BITCOIN AS A STRATEGIC RESERVE ASSET. This announcement triggered significant volatility as traders placed highly leveraged bets in both directions. As the volatility settled, prices rallied from Sunday into Monday morning, with BTC 2.01% briefly rising above $70,000 on most exchanges for the first...
CRYPTO MARKET UPDATE AFTER ANOTHER DAY OF SIZEABLE OUTFLOWS FROM ETHE -4.96% , THE GRAYSCALE-ISSUED ETF NOW RETAINS JUST 85% OF THE AUM IT BEGAN WITH ON TUESDAY. However, crypto has rallied strongly since the US market closed yesterday, with BTC 2.01% briefly moving above the $68k level, ETH 5.03% rebounding sharply to $3,250, and SOL 5.14% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...
How the US Could Adopt BTC as a Strategic Reserve Asset, Look for ETH to Bottom Within Next Few Trading Days
POLITICAL PREDICTION MARKETS PROVIDE PARTIAL RATIONALE FOR PAUSE IN RALLY We see the recent pause in the July rally driven by two factors:General Degrossing Across All Asset Markets: The past couple of days have seen degrossing across all asset markets, including the crypto markets. This is less crypto-specific and more of a function of the market rotating out of strategies (like the long MAG 7) that worked in the first...
CRYPTO MARKET UPDATE CRYPTO WAS CERTAINLY LOOKING STRONG RELATIVE TO EQUITIES YESTERDAY UNTIL ASIAN MARKET HOURS COMMENCED. Shortly after the HK market opened, we saw increased sell pressure and approximately $100 million in liquidations across all crypto assets, bringing BTC 2.01% down to below $64,000, ETH 5.03% down to $3,150, and SOL 5.14% to just below $170. This contrast in price action during U.S. and Asia market hours has been consistent throughout July....
CRYPTO MARKET UPDATE RATES ARE BROADLY LOWER, WITH A NOTABLY STRONGER RALLY AT THE FRONT END OF THE CURVE AS THE MARKET APPEARS TO BE TAKING POTENTIAL RATE CUTS OVER THE NEXT COUPLE OF FOMC MEETINGS MORE SERIOUSLY. Despite significant weakness in equities today, the crypto market is looking relatively healthy, with BTC 2.01% and many altcoins in the green. BTC 2.01% briefly rallied above $67k but has since drifted back down...
CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH 5.03% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC 2.01% to Bitstamp, leaving about 90k BTC 2.01% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC 2.01% is trading around $66.5k,...
Market Reacts to Biden Dropping Out of Race, Exchanges Receive Approval to List ETH ETFs
CRYPTO MARKET UPDATE POLITICAL DEVELOPMENTS CONTINUE TO DOMINATE INVESTOR SENTIMENT FOLLOWING PRESIDENT BIDEN'S WITHDRAWAL FROM THE PRESIDENTIAL RACE ON SUNDAY AFTERNOON. The initial market reaction saw a dip in crypto prices, with Bitcoin falling from $67.5k to $66k. However, the market rebounded after Biden endorsed Harris. Since the U.S. market opened on Monday, we have seen relatively choppy price action. BTC 2.01% is now trading slightly above $67k, while ETH 5.03% remains...
WEEKLY RECAP Weekly funding fell by 34% from $126 million to $83 million, while deal count rose approximately 22% from 18 to 22. Infrastructure was the leading category, totaling $51 million across nine deals and comprising 61% of total funding. CeFi logged its second consecutive week of two deals, including Caliza’s $8.5 million investment round supporting its mission to provide cross-border remittances leveraging stablecoins. Web3 and Gaming deal flow has...