Crypto Research
1,671 Results
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...
INTRODUCTION One of the major complaints about crypto is that the user experience (UX) is unintuitive and clunky. Moving funds from bank accounts to non-custodial wallets is a cumbersome multi-step process. Once funds have arrived on-chain, trading on decentralized exchanges (DEX) has its issues with giving token approvals and manually trading tokens at the market price. On-chain limit orders or stop-losses have previously been nonexistent for DEX traders, making it...
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 Xâs 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...
Recent bearish trends continue to persist this afternoon. The SPX has sunk to its lowest level in months in part due to underwhelming home sales and consumer confidence data. Despite this data, rates continue to rise, with the U.S. 30-year yield eyeing the 4.7% mark after an early morning bout of short covering. All market sectors are currently in negative territory, and in the commodities market, oil prices are rebounding...
WEEKLY RECAP This week marked the third consecutive week of total funding over $100 million. This week’s total rose to $136 million compared to last week’s $119 million. A trend has developed of projects beginning to emerge from stealth development and announcing their product updates or new fundraises. Projects may be seeing light at the end of the tunnel of this bear market and think it is the right time...
Today’s video discusses macro and seasonal headwinds, including how the Fed's recent dot plot may impact crypto. We also dove into what may be causing crypto's outperformance during Asian trading hours. For our latest Crypto Strategy note click here. https://vimeo. com/866975601/df9ab00a00? share=copy
RATES SURGE ON HIGHER FOR LONGER As expected, Fed Chair Powell took to the podium yesterday and kept interest rates unchanged. Concurrently, he unveiled the Fed’s new dot plot, which forecasts one more rate hike for this year but two fewer cuts for the next year. This was perceived as more hawkish than anticipated by both traditional and crypto markets. The dot plot and Powell's rhetoric collectively signal a 'higher...
U.S. equities and crypto markets are falling today as investors digest the idea of a higher-for-longer interest-rate future. Following yesterdayâs FOMC meeting, expectations for the 2024 and 2025 federal funds rate sharply increased (see below). The SPX and NDQ are both down over 1% at the time of writing, while BTC (-1.63%) and ETH (-1.98%) are showing larger declines. ETHBTC has fallen below 0.06, its lowest level since July 2022....
Equity markets are flat today in anticipation of the Fedâs interest rate decision and revised dot plot announcement this afternoon. BTC is down 0.5% today, continuing to range between $26.9k and $27.4k for the last week. ETH is underperforming, down 1.5% in USD, and reaching 14 month lows against BTC. The ETHBTC pair has broken the 0.06 level, trading at 0.59 at writing. This follows notable on-chain transfers from whales...
Major equity indices are trending lower today, while interest rates are on the rise, with the US 10-Year seemingly poised to hit a new YTD high. The DXY started the day strong but has since plateaued, currently sitting flat. In the commodities market, gold, which BTC has directionally tracked quite well this year, is also up. In the crypto market, Bitcoin experienced a morning rally, surging back up to nearly...