Crypto Research
1,026 Results
CRYPTO MARKET UPDATE TODAY'S PRODUCER PRICE INDEX (PPI) CAME IN AT 0.2%, ABOVE THE CONSENSUS FORECAST OF 0.1%, INITIALLY SENDING RATES HIGHER, BUT THAT MOVE WAS QUICKLY FADED. Rates and the DXY moved more decisively lower following the release of the latest consumer sentiment survey, which came in at 66, below the market forecast of 68.5. In equity markets, we are seeing a continuation of the rotation trade, with IWM...
CRYPTO MARKET UPDATE JUNE CPI CAME IN BELOW EXPECTATIONS, WITH THE MOM FIGURE READING -0.1% COMPARED TO +0.1% EXPECTED, CAUSING A SIGNIFICANT DROP IN RATES, WITH THE US10Y DROPPING TO 4.175%. Markets are now pricing an 83% chance of a September rate cut, with higher probabilities for further easing in the subsequent November and December meetings. A large-cap to small-cap rotation appears underway in response to rate expectations, as the...
CRYPTO MARKET UPDATE BTC -2.27% IS SLIGHTLY LOWER ON THE DAY BUT RALLIED TO OVER $59.5K OVERNIGHT. It is currently trading just below $58k after a drawdown following the US market open. On-chain data shows that over 10k BTC -2.27% was sent from the German government to exchange and market maker partners this morning, more than was sent yesterday. ETHBTC is showing strength today, with ETH -4.48% up nearly 2% and trading around...
CRYPTO MARKET UPDATE EQUITIES ARE GAINING ALONGSIDE RATES TODAY AS FED CHAIR POWELL PROVIDES TESTIMONY TO CONGRESS. He reiterated that recent progress on inflation has been welcomed, but more is needed before reducing the restrictiveness of monetary policy. He also acknowledged that risks are beginning to become two-sided, citing recent cooling in the labor market. The SPY 0.43% and QQQ 0.27% have both gained approximately 0.21% as they hover near all-time highs....
Supply Overhang Weighs on Prices, Investors Brace for CPI and Possible ETH ETF Clarity This Week
CRYPTO MARKET UPDATE THE MARKET REMAINS FIXATED ON THE SUPPLY OVERHANG FROM THE GERMAN GOVERNMENT AND THE MT. GOX ESTATE, AS THE GERMANS CHOSE AN ILLIQUID HOLIDAY WEEKEND TO ACCELERATE THE SALES OF THEIR 50,000 BTC -2.27% SEIZED IN A CRIMINAL INVESTIGATION. Over the past five days, BTC -2.27% is down about 7%, ETH -4.48% about 10%, and SOL -6.45% about 2%. The drawdowns over the weekend have cleared a considerable amount of leverage...
Paxos Approved to Issue Stablecoins in Singapore, Robinhood Hopes to Offer Crypto Futures
CRYPTO MARKET UPDATE RATES HAVE PARED EARLY MORNING LOSSES AFTER MAY JOLTS DATA SHOWED 8.14 MILLION JOB OPENINGS VERSUS 7.91 MILLION EXPECTED. Equities are showing slight gains, with the SPY 0.43% increasing to $546 and the QQQ 0.27% gaining to $484, helped by Tesla’s better-than-expected Q2 deliveries, leading to TSLA surging over 9%. Crypto assets are mixed, with majors showing declines and the broader altcoin market rallying. BTC -2.27% is trading below $61.8k,...
CRYPTO MARKET UPDATE BTC IS UP 5% SINCE MARKET CLOSE ON FRIDAY, HOVERING JUST ABOVE $63K, WHILE ETH -4.48% IS LAGGING, CURRENTLY TRADING BELOW $3500. This ETH underperformance further supports the idea that market expectations for the ETH -4.48% ETFs are relatively muted. Meanwhile SOL -6.45% is nearly back to the level it traded at on Thursday following VanEck's application to list a SOL -6.45% ETF, now trading around $148. While we have yet...
CRYPTO MARKET UPDATE DESPITE MAY PCE DATA COMING IN LINE WITH EXPECTATIONS AT 0.0% MOM, U.S. TREASURY YIELDS ARE MOVING HIGHER ACROSS THE CURVE, AND THE DXY IS HOLDING STEADY AT $105.8. Equity indices are flat on the day in the final trading session of Q2. Crypto is showing weakness, with BTC -2.27% declining to $60.7k and ETH -4.48% falling below $3,400. After surging upon news of VanEck filing for a Solana...
CRYPTO MARKET UPDATE THE CRYPTO MARKET RALLIED THIS MORNING ALONGSIDE FALLING RATES AND A WEAK DXY. Quarterly GDP growth aligned with market expectations at 1.4%, and durable goods orders slightly exceeded expectations. The most important piece of macro data this week will be Core PCE, due tomorrow. Among the majors, SOL -6.45% outperformed, rallying to $148 on the news of VanEck filing an ETF application. Meanwhile, ETH -4.48% is trading around $3,450,...
CRYPTO MARKET UPDATE U.S. EQUITIES ARE RELATIVELY FLAT AS THE DXY N/A% HAS SURGED ABOVE $106, FUELED BY THE YEN'S WEAKNESS, WITH USDJPY HITTING ITS HIGHEST LEVEL SINCE 1986. Crypto assets are giving back some of yesterday’s gains, with BTC -2.27% trading at $61.2k and ETH -4.48% hovering near $3,350. AVAX -10.26% is showing strength today following news of popular web3 developer, OtherWorld announcing its choice to build an NFT platform on Avalanche. OtherWorld...
Encouraging Move in CB Discount at US Market Open, CORZ announcement leads HPC Miner Cohort Higher
CRYPTO MARKET UPDATE CRYPTO IS REBOUNDING NICELY TODAY FOLLOWING AN INTENSE BITCOIN-LED SELLOFF YESTERDAY, CATALYZED BY IDIOSYNCRATIC SELL PRESSURE FROM FEARS OVER MT. GOX SUPPLY COMING TO MARKET. It was a somewhat rare occurrence to have such a significant selloff in BTC -2.27% but an overall positive day for altcoins. BTC -2.27% is attempting to reclaim $62k, while ETH -4.48% hovers just above $3400, and SOL -6.45% tries to break through $140 again. Interestingly,...
CRYPTO MARKET UPDATE EQUITIES ARE MIXED THIS MORNING, WITH THE SPY 0.43% GAINING 0.30% AND THE QQQ 0.27% DECREASING 0.31%, WEIGHED DOWN BY A 5% DROP IN NVDA. The DXY N/A% has dropped 0.32%, although it has not boosted crypto assets. BTC -2.27% has fallen more than 3%, briefly dropping under $61k after news of Mt. Gox repayments beginning in July (more below). ETH -4.48% has followed suit, declining to $3,300 despite the likelihood that...