Crypto Research
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U.S Equities are flat while BTC 0.56% has jumped back above $26k amid a mixed CPI report. August CPI increased 0.6% MoM, in line with expectations. The Fedâs 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 weekâs 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 0.56% (+3.75%) squeezing back above $26k and ETH 0.53% (3.21%) rising above $1,600. As Bitcoin moves higher and optimism around a spot...
BTC 0.56% 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 âdeath cross,â 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 0.56% has mostly undone its previous rally, now fluctuating just below the $26k mark after peaking at $26.5k yesterday. ETH 0.53% mirrors this trend, currently trading around $1,630. Altcoins have generally followed suit, albeit with a less significant upswing initially. Notably, SNX 1.06% and DYDX 1.01% 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 0.56% (+0.70%) has risen to $25.9k...
MetaMask Adds Off-Ramp Feature, Coinbase Enters the Institutional Lending Market
Markets are falling today in response to higher-than-expected non-manufacturing PMI data (54.5 actual vs. 52.5 expected). The S&P 500 and Nasdaq 100 have both dropped over 1% while the DXY (+0.19%) continues its rise, briefly surpassing $105, the highest level since March. BTC 0.56% and ETH 0.53% are following equity markets, both falling approximately 1.10% at the time of writing. Synthetix Network (SNX 1.06% ), a defi liquidity layer, is one of the top weekly performers,...
Equities show mixed performance as oil prices continue their upward trajectory, potentially raising concerns over an inflationary burst. Interest rates are increasing across the board, with a more noticeable spike at the short end of the yield curve. The U.S. Dollar Index (DXY) continues to rise, a near-term risk that has been a concern. Regarding macro updates, the next critical data to watch will be the U.S. Services PMI data...
In the first trading day of September, equity markets are relatively flat following more economic data releases showing the U.S. unemployment rate rising to 3.8% (3.5% expected), with the labor participation rate increasing to 62.8% (62.6% expected). Crypto is reacting negatively to the SEC delaying a slew of spot Bitcoin ETF applications, including Blackrock and Fidelityâs. BTC 0.56% (-0.24%) has fallen back below $26k and ETH 0.53% (-0.47%) is ranging in the...
In July, the core personal consumption expenditures (PCE) index increased by 0.2% month-over-month and 4.2% year-over-year, meeting economists' projections. This led to a significant pullback in rates and a bond market rally. Surprisingly, the Dollar Index (DXY) also surged, likely exerting downward pressure on cryptoasset prices. Amid these market dynamics, major equity indices experienced slight gains. BTC 0.56% retraced its earlier post-Grayscale rally gains, a trend also seen in Ethereum and...
After lower-than-expected JOLTS numbers yesterday, both Q2 GDP and ADP Employment numbers similarly came in below expectations, causing U.S. Treasury yields and the DXY to fall as the market reprices how much more monetary tightening may be needed. Conversely, equity indices are responding positively to the economic data, with the SPX and QQQ both rising more than 0.30% at the time of writing. After closing yesterday up over 6% following...
GRAYSCALE WINS. It's officialâthe courts have ruled that the SEC acted in an arbitrary and capricious manner when denying the spot Bitcoin ETF. In the wake of this news, cryptoassets, trusts, and crypto equities are experiencing strong rallies. This development will likely pave the way for a Bitcoin ETF to enter the market and could lead to the conversion of existing trusts into ETF products.
After digesting Fed Chair Powellâs speech at Fridayâs Jackson Hole Economic Symposium over the weekend, traditional indices are rising, with both the SPY 0.00% and QQQ gaining approximately 0.40% at the time of writing. In a busy week for economic data, investors will be eyeing the release of JOLTS, ADP employment, the PCE index, and non-farm payrolls to form an outlook on the labor market and inflation. Crypto markets are relatively...
