Crypto Research
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BTC and ETH continue trading in a tight range, gaining 0.4% over the last day. BTC continues to ping pong around the $30k level, trading for ~29.8k at writing, while ETH traded at ~$1.9k. BTC has been ranging for an entire month now, as the market needs a catalyst for a break in either direction. On the bullish side, there has been positive regulatory momentum coupled with optimism over the...
FINAL THOUGHTS ON RIPPLE DECISION In June, we identified the Ripple case as a possible catalyst for altcoins, as indications of progress for the defendants surfaced. Just last week, Ripple achieved a partial victory, likely benefiting altcoins targeted by the SEC and potentially prompting a shift towards a more legislative approach rather than an enforcement-focused one. _Source: Reuters, Fundstrat_ The court ruled that Ripple Labs' transactions of XRP to institutional...
Chainlink Launches CCIP Protocol, Radiant Capital Receives $10M Investment from Binance
Equity indices are slumping following a negative reaction to technology earnings and lower than expected jobless claims. The technology-oriented QQQ 0.53% is leading the decline, having fallen 1.52% at the time of writing, while the SPY 0.60% has fallen 0.36%. The DXY (+0.65%) and U.S. Treasury yields are rising today as the market is repricing the odds of an additional rate hike as the labor market continues to show its resilience. Crypto...
Crypto markets are up today, with majors rising slightly and altcoins showing the highest returns. BTC continues to hover around the $30k level, trading at $29.9K and up 0.44% at the time of writing. ETH has risen 0.22%, trading at 1.9k. Altcoins are a mixed bag today, with some of them declining and others up significantly. One of the standouts is Ethereum Layer 2 Optimism (OP), which has risen 11.04%...
Despite underwhelming retail sales data, positive earnings reports are driving equity markets upward. The increase in advance retail sales for June was a mere 0.2% month-over-month, falling below economists' predicted 0.5% increase. Nevertheless, the QQQ index has seen a 60 bps rise, and the SPX index a 52 bps increase. Cryptoassets are diverging from equities, not mirroring the rally spurred by solid earnings. At present, most cryptoassets are on a...
Equities markets open marginally higher after inflation data last week showed a slowdown in price increases, fueling hopes that the Fed can achieve price stability without triggering a recession. ^SPX 0.60% and QQQ 0.53% are up 0.2% and 0.4%, respectively, with earnings season to roll through further this week. Despite last week's encouraging developments on the court's ruling against Ripple, the digital asset market has retraced most of its gains since Wednesday....
After Ripple's victory over the SEC yesterday, token prices experienced a rapid increase, with XRP surging by 65% in the past 24 hours, making it the fourth largest token. BTC is up 1.1% while ETH gained 2.1%. Tokens alleged to be securities by the SEC, like MATIC, ADA, and SOL -5.67% , have outperformed, with gains ranging from 20% to 30%. In addition, Coinbase's stock (COIN -5.20% ) saw a significant jump of 24%...
Crypto markets are sharply rising after a judge has ruled that Rippleâs sales of XRP do not constitute an offer of investment contracts. XRP is up 35% following the announcement, and BTC (+2.41%) has surpassed $31k and ETH (+3.46%) is nearing $1,950. MATIC (+9.80%) is outperforming today after a proposal was submitted to make MATIC a multipurpose token used to validate multiple blockchains. The proposal would have the token rebranded...
Crypto markets had a volatile morning, initially rallying off a cooler-than-expected CPI print of 0.2% (est. 0.295%) and Core CPI of 0.2% (est: 0.3%). According to data from the Bureau of Labor Statistics, this is the slowest rate in more than two years. Shortly after the CPI release, an on-chain wallet of the US Government containing bitcoin from the Silk Road Hack was seen transferring 9,000 Bitcoin, potentially to sell it....