Crypto Research
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Markets continue pushing higher on slowing PCE data, pointing to signs of slowing economic momentum ahead of the banking crisis. Consumer PCE increased 0.2% in February (vs. January's 2%). After adjusting for inflation, however, spending actually fell 0.1% MoM in February. ^SPX 0.60% and QQQ 0.53% have opened higher on the news before trading 1.0% and 1.1% higher at the time of writing. Digital asset markets have followed suit, with BTC and...
Hong-Kong Continues Crypto Hub Agenda, OKX to Return $157 Million to FTX Bankruptcy Estate
Traditional markets are rallying today amid easing bank concerns and speculation that the Fed may be done raising interest rates. The ^SPX 0.60% has risen 0.25%, while the NDQ is up 0.52% at the time of writing. The Fedâs preferred inflation metric, the PCE index, will be released tomorrow morning and should fuel further speculation on whether or not any further rate hikes remain in 2023. Crypto markets are trailing equities,...
Crypto and Equities are rising, with the S&P up 1.07% while BTC gained 3.82% over the last day. No news is good news as investors regain comfort that the financial sector has stabilized each day that passes without another crisis. Core PCE inflation is scheduled to be released this Friday. Known as the Fedâs preferred measure of inflation, it could either strengthen or weaken the marketâs conviction that the Fed...
Crypto markets seem to be taking yesterday's Binance news in stride, with BTC down just 0.40% today at time of writing and ETH up 1.88%. SPX and NDQ were down 0.10% and 0.63%, respectively. Interestingly, the ETH/BTC ratio appears to be stabilizing ahead of the Shanghai withdrawals on April 12th. ETH/BTC was up 2.33% today and nearly 4% from last week's low. Today's outperformers include liquid staking derivatives LDO and...
Major equity indices opened higher on Monday morning, initially responding well to the announced acquisition of SVB by First Citizens Bank, which brought some life to bank stocks. However, the indices have since retraced their gains, with the S&P 500 trading 20 basis points higher and the Nasdaq turning negative, down 70 basis points since market open. The market continues to face rate volatility, with the U.S. 2Y and U.S....
Stock are trading slightly lower relative to yesterday's close after the 10Y yield plunged overnight before rebounding at writing. ^SPX 0.60% and QQQ 0.53% are trading at -0.2% and -0.4%, respectively. Correlations between digital asset markets and traditional markets also continue to break down since two weeks ago. BTC and ETH are trading -1.6% and -3.2%, respectively. The market-wide price decrease followed the SEC's bulletin urging investors to exercise caution when investing in digital...
Coinbase Receives a Wells Notice, Consensys Launches Institutional Staking Marketplace
Markets are rallying today following yesterdayâs FOMC meeting where the Fed unanimously decided to raise interest rates by another quarter point. The S&P 500 and Nasdaq 100 have both risen over 1%, while US Treasury yields and the US dollar are showing declines. BTC (+4.25%) and ETH (+5.24%) are displaying strength amid Arbitrumâs native token launch (ARB N/A% ), which has injected over $1 billion of fresh capital into the crypto ecosystem....
Equities and Crypto are mixed today, with the S&P rising 0.16% while BTC gained 1.77% over the last day. All eyes are on the Fed, set to deliver their next interest rate decision at 2 pm this afternoon. This will be the first decision following instability among regional banks and several high-profile bank failures. The Fed is in a tough spot as it weighs risking further financial sector instability against...
Crypto and traditional markets moved higher today at the time of writing - BTC was up 0.72%, ETH was up 4.58%, and SPX and NDQ are up 0.74% and 0.50%, respectively. After a strong Bitcoin dominance run the past month, altcoins are beginning to show signs of life versus bitcoin. The ETH/BTC ratio is up 3.80%, and altcoins such as FTM, LTC 1.25% , and SOL -5.67% are outperforming BTC today - up...
It is another wildly consequential week in global markets as the worldwide banking system continues to fend off liquidity concerns, and traders brace for a decision from the Fed on interest rates following their meeting on Wednesday. Bitcoin is coming off one of its best weeks in history, closing the week up 35% and moving north of $28k for the first time since last June. This afternoon, BTC (+0.4%) is...
Markets have largely received news of the Fed's balance sheet expansion to $8.6T earlier this week to be favorable but concerns around the stability of regional banks still loom. ^SPX 0.60% (-1.3%)and QQQ 0.53% (-1.0%) have opened lower today after First Republic Bank received its $30b infusion from other banks. BTC (+6.0%) briefly traded at $27k this morning before retracing to right below it, while ETH (+3.6%) did not break its $17.8k...
Both traditional and crypto markets are rallying today as fears of systemic banking collapses have dissipated slightly. The SPY 0.60% (+1.52%) and QQQ 0.53% (+2.22%) are showing impressive gains, with higher growth names outperforming, as expectations for higher for longer rates are declining in light of recent financial turmoil. BTC (+1.49%) continues to show relative strength, with BTC.D reaching 45.71%, while ETH/BTC is approaching November 2022 lows. Layer-2 network Arbitrum has announced...