Crypto Research

Equity markets opened the week with mixed results while bonds yields ticked higher as investors eagerly await updates on debt-ceiling negotiations. Relative to last week's close, NDAQ 0.72%  is trading at -0.2%, ^SPX 0.29%  is flat (+0.1%), while QQQ 0.25%  is changing hands at +0.4%. US02Y and US10Y are up 1% on the day, reflecting the President's and House Speaker's meeting later today in an effort to avoid a technical default. Digital asset...

After bleeding lower this morning, crypto markets and gold saw relief immediately following Janet Yellen's statement to bank CEOs that "more mergers may be necessary." At the time of writing, BTC is up 0.12%, ETH is up 0.72%, and gold is up 1.07%. While most altcoins continue to underperform, AI-related coins have been standouts the past few days. AI coins SingularityNET (AGIX) and Fetch. ai (FET 0.10% ) are up 18.49% and...

This morning’s jobless claims were softer than anticipated (242k vs. 254k exp.), potentially giving the Fed room to diverge from the expected “pause” at June’s FOMC meeting. The data release has not disheartened equity investors as the divergence between equities and crypto has continued. The SPY 0.29%  (+0.53%) is approaching $4,200, and the QQQ 0.25%  (+1.24%) surpassed August ’22 highs, while BTC (-0.71%) and ETH (-0.40%) are showing modest declines. Among the...

Stocks are rising as investors anticipate a potential agreement between congressional leaders and President Joe Biden regarding the U.S. debt ceiling. The S&P gained 1.19%, while the Nasdaq is up 1.2%. Leaders on both sides of the aisle made positive comments following negotiations. House Speaker McCarthy stated it's "possible to get a deal by the end of the week," President Biden said he was "confident" about a deal resolution. BTC...

Markets saw a retracement as retail sales data for April came in lower than expected, triggering fears of weak earnings from retailers. ^SPX 0.29%  and NDAQ 0.72%  slid 0.3% and 0.6% lower than yesterday's close, while the QQQ 0.25%  continued its ascent from nearly two weeks ago, up 0.5%. Digital asset markets saw a similar decline, with BTC dipping below $27k for the second time in the past month, and ETH trading at...

Bitcoin (BTC) and the broader crypto market are staging a recovery after a week of bearish price action, with altcoins facing particularly excessive pressure. Bitcoin has successfully bounced off its key 200-week moving average around $25,800 and is now hovering around $27,400. Ethereum (ETH), meanwhile, remains stable above the $1,820 level. Notable standout performers include altcoin LDO, up 12% on the day, potentially driven by improved withdrawal capabilities and short...

Stocks and crypto continue to slide as BTC fell 2.0% while the S&P dropped 0.52%. The S&P is on track to close its second negative week after the University of Michigan’s consumer sentiment index estimate came in at a 6-month low of 57.7 vs. 63 expected. The survey also showed consumer outlook for inflation over the next 5 years has reached the highest level since 2008, with 3.2% inflation expected....

This morning’s initial jobless claims came in at 264k vs. 245k expected, marking the highest level since October of 2021, further supporting the notion that the Federal Reserve is seeing what they need to pause rate hikes going forward. Equity indices are mixed following this morning’s data, with the S&P 500 declining 0.23% and the Nasdaq 100 rising 0.26%. Crypto markets are underperforming compared to equities, with BTC (-1.51%) and...

Crypto prices rebounded today after a cooler-than-expected CPI print of 4.9% (vs. an expected 5.0%). The index for shelter was the largest contributor to the CPI increase, followed by increases in the index for used cars and trucks and the index for gasoline. At the time of writing, BTC is up 2.03%, and ETH is up 1.71%. After declining for the past few weeks and erasing much of their 2023...

Equity markets slid lower today as investors await CPI data tomorrow and discussion over the debt ceiling later today. ^SPX 0.29%  and QQQ 0.25%  are trading at -0.4% and -0.6% relative to yesterday's close after opening lower, whilst DXY and US10Y are up by 0.3% and 0.4% on the day. Digital asset markets are also following suit, with BTC and ETH sliding by 1.5% and 1.0% over the past day. Many have pointed...

Interest rates experienced a slight increase this morning, with the US 2Y and US 10Y inching higher by 5 bps while the DXY stayed relatively stable. Major equity indices, including the SPX and QQQ, maintained their ground, remaining flat thus far today. Cryptoassets, on the other hand, faced a decline in the past 24 hours, with BTC dropping 2% and falling below the $28k mark and ETH decreasing by 30...