Crypto Research
1,847 Results
Markets have opened higher amidst a hotter-than-expected Producer Price Index (PPI) print. PPI rose 0.3% for a third consecutive month and 7.4% YoY (vs 7.2% consensus), reflecting softer supply conditions in the economy from a peak of 11.7% in March. SPX and QQQ are trading 0.2% and 0.4% higher than yesterday's close, with NDAQ lagging at -1.0%. Digital asset markets have rebounded similarly, with BTC and ETH trading 1.4% and...
Crypto and traditional markets each turned higher today. BTC and ETH are up 0.79% and 1.91%, while SPX and NDQ are up 0.75% and 1.16%. This comes as the dollar (DXY) continues to fall - down 0.31%. Most altcoins have lagged today compared to bitcoin and ethereum. For example, alt-layer ones NEAR -0.64% and AVAX are down 0.15% and 0.89%, and SOL 4.20% is up just 0.59%. An exception to this is...
Despite the US Dollar and US Treasury yields declining, US equity indices continue their slide this week, with the ^SPX 1.66% and QQQ 1.81% down 0.12% and 0.47%, respectively. Crypto markets are also negative today as BTC (-1.56%) continues to trade in the upper 16,000s and ETH (-3.27%) in the mid 1,200s. Alt layer-1 tokens are taking a larger hit today, with ATOM 12.56% , FTM, and SOL 4.20% down -5.57%, -6.01%, and -4.69%, respectively....
Crypto markets remain choppy this morning. BTC is up 0.30% and ETH is down 0.26%. Traditional markets are down - SPX has fallen 0.75%, and NDQ has fallen 1.24%. Sushiswap (SUSHI) has been particularly volatile and is down 7.39%. Sushi is reaching its maximum token supply, meaning there are fewer incentives for Sushiswap to give to protocol users. Because of this, CEO Jared Grey has called for 100% of the protocol's...
FIGURE: QUANT PEPES TAKING TURNS PREACHING DECENTRALIZED OPTIONS INTRODUCTION AND OPPORTUNITY Options are one of the most popular derivatives in traditional markets among institutional and retail investors. Due to their versatility, traders use options to hedge existing positions, speculate on a security's directional moves, or generate income. In 2021 alone, 33.3b options contracts were traded, up 35% from 2020. Much of this growth can be attributed to retail traders, who...
Risk assets slid this morning on the release of positive economic data, heightening the probability of continued tightening from the Fed. The November ISM reading came in at 56.5%, much hotter than the expected 53.7%, indicating persistent economic activity. Yields are higher across the board, with the US 10Y rising 2.6% thus far on the day. The DXY has inched 0.6% higher while the VIX is up 6.8%. The QQQ 1.81% ...
ADJUSTING TO A POST-FTX WORLD A couple of weeks ago, we discussed several critical risk vectors remaining in the market and provided our take on each matter. Our near-term view was that it was more likely than not that most of the contagion from the implosion of FTX had been sifted through, but due to the unknown status of Digital Currency Group, investors might not be getting paid enough for...
The Bureau of Labor Statistics' (BLS) November employment report points to a hotter-than-expected labor market, inciting fears of higher rates for longer in markets. Non-farm payroll employment increased by 263k (vs 200k consensus), while the unemployment rate remained at 3.7%. Traditional markets reacted negatively to the news, with ^SPX 1.66% (-0.5%) and QQQ 1.81% (-1.0%) opening lower before rebounding 4,055 and 291, respectively. Crypto markets were equally affected, with BTC (-0.3%) and...
