Crypto Research
1,626 Results
Traditional indices are mixed today following stronger than expected economic data. The SPY -0.53% and QQQ -1.24% 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 -0.48% (-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 -0.48% 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...
INTRODUCTION Ethereum’s shift from proof-of-work to proof-of-stake enabled ETH holders to stake their tokens and help secure the blockchain network. As compensation for securing the network, stakers are rewarded with additional ETH tokens. At first, stakers were required to post 32 ETH (the minimum amount to run a node), and the user’s ETH tokens were to be locked until the Shapella upgrade was completed (successfully completed in March). Due to...
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 -0.48% 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 -6.21% , 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 -0.48% 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...
A WEEK OF TABLE-TURNING DEVELOPMENTS _ETF SUMMER_ Over the last five years, there have been numerous calls for traditional financial institutions to enter the crypto industry. Once total crypto market cap surpassed the $1 trillion mark for the first time, the industry’s investors, developers, and followers began to discuss how crypto had transformed into an investable asset class and projected a significant influx of institutional investors. Until recently, several signs...
After three consecutive days of declines, traditional indices are rebounding, with the SPY -0.53% and QQQ -1.24% rising 0.10% and 0.61%, respectively. In contrast, after three days of sharp gains, BTC (-0.22%) and ETH -0.48% (-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...
