Crypto Research

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U.S. equity indices are relatively flat today after shaking off hotter-than-expected PPI data (2.2% YoY actual vs. 1.6% expected), with the SPY declining 0.07% and the QQQ rising 0.23%. BTC (-2.72%) is on pace for its fourth consecutive negative day, falling to $26.7k. ETH is experiencing less of a decline, falling 0.76% to trade at $1,555. Immutable (IMX), a blockchain gaming platform, has announced a partnership with Amazon Web Services...

Crypto markets rose over the weekend, with BTC (+0.33%) trading above $28k and ETH (-1.89%) surpassing $1,700, triggering over $92 million in short liquidations over the last 24 hours. After rallying amid Ether ETFs being greenlighted, ETHBTC (-2.73%) is retracing some of its gains as investors may be positioning for Bitcoin ETF news as the next crypto-specific catalyst. Equity markets are mixed, with the SPY declining 0.35% while the QQQ is...

Equities and crypto are finally seeing some relief, with the Nasdaq and S&P bouncing ~1% while BTC has gained 3.4% to trade at $27.1k. Investors continue to look for signs of a soft landing, with a fresh release of 2Q GDP matching consensus estimates of 2.1% annualized growth. Meanwhile, pending home sales fell 7.1% in August, massively overshooting 1% estimates from Bloomberg. The slowdown was widespread, with every region in...

U.S. equities are sliding for the fifth day out of the last six trading sessions. The SPY and QQQ are both down about half a percent after paring early session gains. BTC (+0.07%) is roughly flat despite the SEC delaying Ark Invest and Global X’s spot Bitcoin ETF applications well in advance of their deadlines. The decision to delay the applications early has likely lowered the chances of seeing an approval...

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