Crypto Research
1,026 Results
Traditional indices are mixed today following stronger than expected economic data. The SPY 0.52% and QQQ 0.39% are trading +0.26% and -0.35%, respectively. The US Dollar and US Treasury yields have rallied today as the strong economic data reinforces the higher-for-longer mantra regarding US interest rates. All eyes will be on the May PCE data release tomorrow, which should give investors a better view into the ongoing inflation fight. After dipping yesterday,...
Michael Saylorâs MicroStrategy has purchased another 12,333 Bitcoin at an average price of $28,136. The additional purchase brings the firmâs Bitcoin holdings to over 152,000 BTC at an average price of approximately $29.6k. BTC (-1.09%) has declined slightly in light of the announcement, and ETH (-1.48%) continues to underperform Bitcoin. Injective (INJ) is outperforming today (+1.72%) while also being one of the strongest coins on the week, rising 10.90% compared...
Bitcoin continues to hover above $30k, gaining 2% over the last day. ETH has bucked its trend of underperforming BTC, with ETHBTC up 0.72% today, although its medium-term downtrend remains intact. The crypto market turned higher after news broke that Fidelity had potentially joined other large asset management companies in filing for a spot BTC ETF. While Fidelity previously filed for a similar ETF in 2021, the SEC rejected that...
Japan Implements Crypto Friendly Tax Policy and HSBC Hong Kong Lets Customers Trade Crypto ETFs
Crypto markets pulled back today, BTC is down 1.44% and ETH is down 2.81%. Altcoins took a bigger hit, especially those that Robinhood is delisting and expected to sell later this week amid the SEC's crackdown (Cardano, Solana, and Matic). ADA, SOL 6.90% , and MATIC are down 4.01%, 4,13%, and 3.62%, respectively. Interestingly, many of the "DeFi 1.0" tokens (DeFi protocols launched in 2019 and 2020) saw large gains over the weekend. AAVE,...
Crypto markets sharply continued their move higher today, with BTC and ETH rising 4.23% and 2.32%, respectively, at the time of writing. Bitcoin continues to lead the market, evidenced by it breaking its yearly highs and Bitcoin's Dominance Ratio rising 0.86% to 51.84%, its highest level since April of 2021. This ratio measures Bitcoin's market cap relative to the rest of the crypto market, and its rising means that Bitcoin...
After three consecutive days of declines, traditional indices are rebounding, with the SPY 0.52% and QQQ 0.39% rising 0.10% and 0.61%, respectively. In contrast, after three days of sharp gains, BTC (-0.22%) and ETH (-0.57%) have cooled off. The emergence of multiple Bitcoin spot ETF applications from reputable financial institutions has sparked a Bitcoin-led rally, with Bitcoin dominance (BTC.D) rising to 51.34%, its highest level since April 2021. Despite Bitcoin outperforming most...
Bitcoin has crossed above $30K for the first time since April after rising 9.4%, on track for one of its best daily performances of the year. Crypto has seen its recent decoupling from equities continue, as the S&P and Nasdaq are down 0.41% and 1.22%, respectively. Initial bullish price action from BlackRock's ETF application was further reinforced by additional spot BTC ETF applications from both Invesco and Wisdom Tree yesterday....
Equity markets pulled back today amidst doubts about the global economy, stalling the recent rally that has seen equities de-couple from crypto. US Housing in both single and multi-family projects came in far higher than expected, China experienced trimmed loan prime rates for households and businesses (4.3% --> 4.2%) but whether it is sufficient to bolster its economic recovery remains to be seen, while US10Y slipped to 3.756% from 3.768% on...
Coinbase Announces Increase to USDC Rewards Program and the French Arm of Binance Under Investigation
At the time of writing, crypto markets have continued to lag behind other asset classes today - with BTC and ETH down 0.34% and 0.17%, respectively. Traditional markets continue to move higher, with SPX up 0.18% and NDQ up 0.08%. Gold has also risen 0.10%. The majority of altcoins continue to underperform Bitcoin and Ethereum. OP is down 1.44%, SOL 6.90% is down 0.95%, and LINK -5.84% is down 1.83%. Chainlink's price...
Crypto markets have fallen sharply, with BTC down 3.8% while ETH is down 5.7% over the last day. Equities are rebounding today after the Fed sent mixed signals for the interest rate outlook, keeping rates unchanged for the first time since they began hiking while signaling the possibility of future hikes. The S&P continues to push 1.06% higher, and the Nasdaq is up 1.05%. Crypto initially followed equities lower yesterday,...
Todayâs busy news day kicked off earlier this morning with the release of the latest Producer Price Index. Data came in below expectations at MoM and YoY, likely cementing a pause in interest rate hikes at todayâs FOMC meeting. Traditional indices are up slightly in anticipation of the 2:00 PM decision, with the SPY 0.52% (+0.27%) and QQQ 0.39% (+0.31%) at 2023 highs. BTC (+0.29%) and ETH (+0.15%) are rising in a...
Equities are continuing their tear on the back of today's CPI release. The ^SPX 0.52% and QQQ 0.39% are both trading approximately 80 bps higher. Interestingly, materials and energy are leading the market, suggesting a broadening of the emergent bull market. Crypto continues to track more closely with gold than equities, with BTC and ETH flat over the last 24 hours. Altcoins received an early bid after the release of the highly...