Crypto Research
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Despite underwhelming retail sales data, positive earnings reports are driving equity markets upward. The increase in advance retail sales for June was a mere 0.2% month-over-month, falling below economists' predicted 0.5% increase. Nevertheless, the QQQ index has seen a 60 bps rise, and the SPX index a 52 bps increase. Cryptoassets are diverging from equities, not mirroring the rally spurred by solid earnings. At present, most cryptoassets are on a...
Equities markets open marginally higher after inflation data last week showed a slowdown in price increases, fueling hopes that the Fed can achieve price stability without triggering a recession. ^SPX 0.52% and QQQ 0.39% are up 0.2% and 0.4%, respectively, with earnings season to roll through further this week. Despite last week's encouraging developments on the court's ruling against Ripple, the digital asset market has retraced most of its gains since Wednesday....
After Ripple's victory over the SEC yesterday, token prices experienced a rapid increase, with XRP surging by 65% in the past 24 hours, making it the fourth largest token. BTC is up 1.1% while ETH gained 2.1%. Tokens alleged to be securities by the SEC, like MATIC, ADA, and SOL 6.90% , have outperformed, with gains ranging from 20% to 30%. In addition, Coinbase's stock (COIN 1.14% ) saw a significant jump of 24%...
Crypto markets are sharply rising after a judge has ruled that Rippleâs sales of XRP do not constitute an offer of investment contracts. XRP is up 35% following the announcement, and BTC (+2.41%) has surpassed $31k and ETH (+3.46%) is nearing $1,950. MATIC (+9.80%) is outperforming today after a proposal was submitted to make MATIC a multipurpose token used to validate multiple blockchains. The proposal would have the token rebranded...
Crypto markets had a volatile morning, initially rallying off a cooler-than-expected CPI print of 0.2% (est. 0.295%) and Core CPI of 0.2% (est: 0.3%). According to data from the Bureau of Labor Statistics, this is the slowest rate in more than two years. Shortly after the CPI release, an on-chain wallet of the US Government containing bitcoin from the Silk Road Hack was seen transferring 9,000 Bitcoin, potentially to sell it....
BTC is once again testing the $31k mark, while ETH inches towards $1.9k, reflecting a general rise in most large cap assets today. SOL 6.90% continues to show relative strength, moving above $22 on the day, a rise potentially attributable to improving DeFi user data. DeFi 1.0 coins, such as COMP 3.08% and AAVE, are outperforming the majors, suggesting continued momentum within the DeFi sector. Today's standout performer in the broader crypto...
Equity indices are relatively flat to start this weekâs trading, with the SPY 0.52% gaining 0.11% and QQQ 0.39% declining 0.21%. Small-cap technology stocks are outperforming today as the Nasdaq 100 has announced a âspecial rebalanceâ effective July 24th due to an overconcentration in the index. The rebalance will not add or remove any securities from the index and will redistribute the weightings. Crypto markets are showing minor gains, with both BTC...
After a sharp downward move in equity indices following a blowout ADP report, the SPY 0.52% (+0.64%) and QQQ 0.39% (+0.74%) have stabilized in Fridayâs trading, as the US nonfarm payrolls report showed 209k jobs added in June versus 230k expected. Crypto markets have shaken off negative headlines regarding key Binance executives exiting the firm amid claims they did not support Changpeng Zhaoâs (CZ) response to an ongoing DOJ investigation. CZ addressed...
The crypto market is experiencing a post-Independence Day dip, with BTC and ETH retesting levels of $30,000 and $1,900, respectively. Most popular altcoins are also trending lower, exhibiting a 2-3% decrease compared to 24 hours prior. This downward slide can be attributed to a combination of macro and idiosyncratic factors. The DXY is trading higher, bolstered by disappointing economic data emanating from China and today's rally in long-term rates. Concurrently,...
BTC is up 1.7% today, retesting above $31K as crypto markets shrug off last week's negative ETF-related headlines. Most ETF applicants have now refiled to address the SEC's concerns that applications were inadequate without naming exchanges tasked with market surveillance. Equities with high beta to BTC have seen significant gains today. Publicly traded BTC miners Marathon Digital (MARA -1.19% ) are up 10.53%, CleanSpark (CLSK -2.98% ) is up 13.29%, and Terawulf (WULF) gained...
BTC is flat since yesterday at $30.5k as investors were whipsawed from initial gains to a sharp headline-driven sell-off, which has now been retraced. According to CryptoSlateâs data, BTC suddenly crashed by 3.53% on the 1-hour candle to $29,946. This sudden collapse coincided with a Wall Street Journal article that reported shortcomings in the spot Bitcoin ETF applications recently filed by BlackRock and Fidelity. ETH is up 4.9% today, reversing...