Crypto Research
1,026 Results
CRYPTO MARKET UPDATE TODAY'S FLASH S&P PMIS SURPRISED TO THE UPSIDE, LEADING TO A BRIEF UPTICK IN RATES, WHICH HAS SINCE LARGELY RECEDED. Despite this, the DXY continues its march back toward 106, nearly reaching that level this morning. Naturally, crypto continues to display relative weakness, with BTC -1.49% dropping below $64k, ETH -2.89% below $3500, and SOL -2.57% briefly dipping below $130, now trading just above that level. ETHBTC is showing some...
CRYPTO MARKET UPDATE DESPITE SLIGHTLY HIGHER THAN EXPECTED JOBLESS CLAIMS (238K VS. 235K EXP.) AND WEAK HOUSING STARTS DATA, RATES ARE RISING TODAY, WITH THE US10Y TICKING UP TO 4.27%. The DXY is also rising as investors are pricing a higher likelihood of the Bank of England cutting rates in August after holding them steady today. The S&P 500 and Nasdaq 100 opened at new all-time highs and are now...
CRYPTO MARKET UPDATE U.S. EQUITIES ARE FLAT IN TODAY’S TRADING AHEAD OF TOMORROW’S MARKET CLOSURE IN RECOGNITION OF JUNETEENTH. This morning’s retail sales report showed consumer spending slowing, with MoM sales reading +0.1% versus +0.3% expected and core sales at -0.1% versus +0.2% expected. Rates and the DXY are declining in response to the data, while crypto assets continue to show weakness. BTC -1.49% fell to the low $64,000s this morning...
CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -1.49% TESTING THE $65K LEVEL, ETH -2.89% TRADING AROUND $3500, AND SOL -2.57% APPROACHING $140. The ETHBTC ratio is declining again after a weekend relief rally sparked by news from Bloomberg ETF expert Eric Balchunas on Friday evening, clarifying his timeline for the ETH ETF launch. Meanwhile, the DXY continues its upward trajectory from the post-CPI selloff,...
CRYPTO MARKET UPDATE ECONOMIC DATA CONTINUES TO SOFTEN, WITH TODAY'S CONSUMER SENTIMENT SURVEY COMING IN AT 65.6, BELOW THE CONSENSUS MARKET FORECAST OF 72. One-year inflation expectations remain unchanged compared to last month. Rates are lower again today, but the DXY is higher due to outsized weakness in global markets. We sent out a note today recommending relative risk aversion in the immediate term as crypto continues to weaken. BTC -1.49% ...
Microstrategy Proposes $500 Million Convertible Note Offering, Terraform Labs Dissolving after $4.47 Billion Settlement
CRYPTO MARKET UPDATE THIS MORNING’S PPI DATA CONTINUES THE RECENT STREAK OF SOFTER INFLATIONARY DATA, WITH THE MAY MOM READING COMING IN AT -0.2% VERSUS +0.1% EXPECTED. Rates have continued to roll over, with the US10Y dropping to 4.25%. Despite the positive data, crypto is continuing to show weakness. BTC -1.49% has fallen back below $67k and ETH -2.89% below $3,500, while altcoins are showing more pronounced losses. The Open Network (TON -92.74% ),...
CRYPTO MARKET UPDATE MAY CPI DATA WAS SOFT ACROSS THE BOARD, WITH HEADLINE INFLATION COMING IN AT 0.0% MOM VS. 0.1% EXPECTED AND MOM CORE INFLATION AT 0.2% VS. 0.3% EXPECTED. The data has fueled a significant decline in rates and the dollar, erasing the gains following Friday’s NFP data. Markets have begun pricing a higher likelihood of a September rate cut, with futures implying a 61.3% chance of a...
CRYPTO MARKET UPDATE Despite rates moving lower today, the DXY is surging higher due to weak economic data from Europe. This is a major driver behind the move lower in crypto, with BTC -1.49% breaking below $67k, ETH -2.89% finding support around $3500, and SOL -2.57% hovering near $152 after bouncing off $150 this morning. Investors are treading carefully ahead of tomorrow's CPI and FOMC announcements, where headline inflation is expected at 3.4%...
Bitfarms Approves Potential Issuance to Deter Riot’s Takeover, Fidelity International Tokenizes MMF with Onyx Digital Assets
MARKET UPDATE EQUITIES ARE GAINING TO START THE WEEK, WITH THE ^SPX 0.43% RISING ABOVE $5,350 AND THE NDQ ABOVE $19,060, AS THE MARKET PREPARES FOR AN EVENTFUL MACROECONOMIC WEEK. May CPI data and a FOMC meeting are slated for Wednesday, followed by PPI on Thursday and consumer sentiment data on Friday. Rates spiked aggressively on Friday after higher-than-expected non-farm payrolls, but a soft CPI report could result in a dovish...
CRYPTO MARKET UPDATE RATES MOVED HIGHER ON A HOTTER-THAN-EXPECTED NFP NUMBER, WITH A TOTAL OF 272K JOBS VERSUS THE FORECASTED 185K AND WELL ABOVE LAST MONTH'S 165K. However, unemployment rose to 4% from 3.9%, slightly above the expected 3.9%. The DXY increased to 104.8 from just above 104.1, and the US 10Y moved back above 4.4%. Major equity indices are higher after selling off premarket, and crypto appears to be...
MARKET UPDATE EQUITIES ARE SHOWING MODEST DECLINES TODAY AFTER REACHING NEW ALL-TIME HIGHS YESTERDAY. The SPY 0.43% and QQQ 0.27% have declined approximately 0.20%, while rates are finding some relief despite jobless claims coming in higher than expected and Q1 unit labor costs coming in at 4.0% versus the estimated 4.9%. Investors will be watching tomorrow's non-farm payrolls report to provide further direction of yields. The crypto market is trading in line...
CRYPTO MARKET UPDATE RISK ASSETS ARE EXPERIENCING A BROAD RALLY TODAY, SUPPORTED BY RELATIVELY CONSTRUCTIVE MACRO DATA. The significant data point released today was the ISM Services PMI, which came in at 53.8, an expansionary figure above the expected 50.8, and well above the prior month's 49.4. Importantly, prices paid came in at 58.1, below the expected 59, which is a positive sign from an inflation perspective. As expected, the...