Crypto Research
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LOOKS LIKE A PAUSE The Federal Reserve approved its 10th interest rate increase in just over a year, raising the Fed funds rate by 0.25 percentage points to a target range of 5%-5.25%. Many interpreted the Fed's comments as signaling a potential pause in the tightening cycle, mainly due to the removal of a sentence in the post-meeting statement. The statement no longer mentioned that "the Committee anticipates that some...
Stocks and crypto are rising today as regional bank shares stabilize. BTC is up 2.0%, and the S&P gained 1.3% after Appleâs beat on earnings and improved sentiment on regional bank stocks. A note from JP Morgan upgraded Western Alliance, Zions Bancorp, and Comerica to overweight, stating all three looked âsubstantially mispriced.â Regional banking ETF, KRE 0.03% , is up 4.66% at writing. Among the largest 100 cryptos, the top performers were...
Traditional equity indices are under pressure today following yesterdayâs 25bps interest rate hike and additional regional bank weakness. The SPY 1.66% (-0.72%) and QQQ 2.81% (-0.31%) are approaching last weekâs lows, while the DXY (+0.33%) is rising after Fed Chair Powell reiterated his stance that the inflation fight is far from over. BTC and ETH 0.81% are in line with equities today, falling 0.66% and 0.87%, respectively. Meme coin PEPE has skeptics shaking...
Prices slid lower this morning ahead of the Fed's FOMC meeting at 2 pm ET before bouncing back after the Fed's interest rate decision of 25bps was released. Bitcoin and Ethereum are up 0.23% and 0.82%, respectively, while most altcoins are down. ARB -0.19% is down 1.69%, SOL 0.93% is down 2.13%, and LDO is down 3.72%. An exception to this is Bitcoin layer 2 blockchain, STX 2.59% , which is up 5.28% as...
BTC has rebounded 1.2% while stocks fell due to weakness in the banking sector. The S&P is down 1.68%, and the Nasdaq fell 1.45%. While JP Morganâs takeover rescued First Republic, fear has spread to other regional banks. Shares of PacWest, Western Alliance, and Metropolitan Bank all had trading paused after falling over 20% this morning. Gold moved 1.4% higher while the VIX jumped to over 19, 20% higher than...
Block Completes Design for ASIC Chip and New Memecoin Enters Top 100 Largest Coins by Market Cap
Crypto had a choppy weekend, which concluded in prices falling last night. At the time of writing, BTC is down 3.68%, and ETH 0.81% is down 2.15%. Altcoins were also down across the board, SOL 0.93% is down 4.75%, and ARB -0.19% is down 3.66%. An exception to this market correction is a new meme coin called PEPE which has rapidly made its way into the top 100 coins by market cap. PEPE...
Markets are mixed today following the release of March PCE data which came in slightly above expectations. The SPY 1.66% (+0.29%) is continuing yesterdayâs march upwards, while the QQQ 2.81% (-0.19%) is down slightly. The market is looking forward to next weekâs FOMC meeting, where it's expected the Fed will raise interest rates by another 25 bps. Crypto markets are cooling off after yesterday's large move upward. BTC (-1.38%) is holding above...
Crypto markets are lower today, with BTC down 1.7% after a highly volatile session saw ~$360m in both long and short derivative liquidations yesterday. After initially rising to $30k, BTC dropped nearly 7% in one hour following alerts that U.S government BTC sales were taking place from Arkham Intel. The rumors were later proven false, sending BTC from an intraday low of $27.2k to its current level of ~$29.2k. Despite...
Crypto markets bounced back sharply today, with BTC up 5.42% and ETH 0.81% up 4.85%. Altcoins such as ARB -0.19% and INJ had huge recoveries, up 15.0% and 28.9% from their lows yesterday. The biggest winner on this bounce has been RNDR, up 40% from its lows yesterday and putting in new highs for 2023. Crypto's rally comes just after First Republic Bank shares hit record lows after depositors withdrew $100b. Traditional...
