Crypto Research
1,026 Results
MARKET UPDATE U.S. TREASURY YIELDS CONTINUE TO ROLL OVER FOLLOWING THIS MORNING’S JOLTS REPORT SHOWING 8.059 MILLION JOB OPENINGS VERSUS 8.35 MILLION EXPECTED. Yields are lower across the curve, with the US10Y decreasing 1.12% to 4.34%. Equities are declining today, with the SPY 0.43% and QQQ 0.27% both trading approximately 0.40% lower, while the IWM is showing relative underperformance despite a decrease in rates. In contrast, crypto assets are responding positively to...
CRYPTO MARKET UPDATE BTC -1.07% HAS RETRACED A PORTION OF ITS EARLY MORNING GAINS BUT REMAINS DECISIVELY GREEN ON THE DAY, NOW TRADING BACK ABOVE $69K. ETH -2.30% and SOL -1.95% are lagging, with ETH -2.30% stalling around $3,780 and SOL -1.95% trading just under $164. Equities are mixed after starting the day hot, with only three sectors currently positive. This comes amidst a constructive rates backdrop, with the US 10Y moving sharply lower, now...
MARKET UPDATE APRIL PCE DATA MOSTLY MET EXPECTATIONS WITH A SLIGHTLY COOL READING IN CORE MOM DATA (0.2% VS. 0.3% EXP.), CAUSING RATES TO ROLL OVER. The US10Y has declined 1.02% to 4.51%, and the DXY has decreased 0.20%. Despite rates and the dollar rolling over, risk assets are selling off in the last trading day of the month. The SPY 0.43% has fallen to $520 and the QQQ 0.27% has dropped...
CRYPTO MARKET UPDATE YESTERDAY, WE SENT OUT A NOTE DISCUSSING HOW FAVORABLE INFLATION AND JOBS DATA WOULD BE KEY TO INCREASING CRYPTO INVESTOR CONFIDENCE. Today, we are seeing some of that with the Coinbase premium rising in the morning hours following favorable PCE revisions and jobless claims data. Rates are moving lower across the entire curve, and the DXY N/A% is sharply lower, back below 105. Most sectors are in the...
MARKET UPDATE U.S. TREASURY YIELDS AND THE DXY N/A% CONTINUE PUSHING UPWARDS, PUTTING DOWNWARD PRESSURE ON RISK ASSETS. THE SPY 0.43% HAS DECLINED 0.53%, BREAKING BELOW $530, AND THE QQQ 0.27% HAS DECREASED 0.42% TO $458. Crypto assets are showing more pronounced losses, with BTC -1.07% (-1.42%) trading in the low $67,000s and ETH -2.30% (-2.29%) hovering near $3,750. Blackrock’s IBIT saw inflows of $102.5 million yesterday, bringing its total AUM to just under $20...
CRYPTO MARKET UPDATE DESPITE THE FAVORABLE ENVIRONMENT FOR RISK ASSETS, CRYPTO IS BROADLY LOWER THUS FAR TODAY DUE TO CONCERNS OVER ACTIVITY FROM MT. GOX WALLETS EARLY TUESDAY MORNING (MORE ON THIS BELOW). BTC -1.07% dropped below $67k after briefly revisiting the $70k level during a Memorial Day crypto rally. ETH -2.30% is also weaker compared to yesterday's price action but is still outperforming BTC on the day, currently trading around $3850....
CRYPTO MARKET UPDATE CRYPTO ASSETS ARE BROADLY MOVING HIGHER AGAIN AFTER SOME POST-ETF APPROVAL CONSOLIDATION. BTC -1.07% is back above $68K, while ETH -2.30% is hovering around the $3.7K level. SOL -1.95% is underperforming today, possibly as a side effect of the last of the FTX auction taking place yesterday. Pantera and Figure led the $2.6 billion auction, purchasing the locked tokens at $102 per SOL -1.95% . We often find that the market can...
MARKET COMMENTARYCRYPTO INVESTORS ARE ANXIOUSLY WAITING FOR A DECISION ON AN ETHEREUM ETF APPROVAL AHEAD OF TODAY’S FIRST FINAL DEADLINE. Congress wrote a letter to Gary Gensler yesterday urging him to maintain a consistent and equitable approach for the Ethereum application, as well as for “other digital asset-backed ETPs.” ETH -2.30% continues to lead the market, gaining 1.51% to $3,795 while BTC -1.07% has dropped 2.10% to $67.7k. ETHBTC has risen 3.61%...
CRYPTO MARKET UPDATEBTC -1.07% IS BACK IN THE GREEN TODAY, RECLAIMING $70K FOLLOWING YESTERDAY'S DIP. ETF flows appear to be returning in full force, with another strong day of inflows, capping the largest 5-day period for inflows since mid-March. ETH -2.30% is down slightly on the day, consolidating around $3750 as investors await word from the SEC on ETF approval. ETH CME futures saw outsized volume yesterday as institutional investors showed interest...
MARKET COMMENTARYAMID A SUDDEN PIVOT IN THE SEC’S STANCE REGARDING AN ETHEREUM SPOT ETF, MULTIPLE FILERS SUBMITTED AMENDMENTS THIS MORNING, INCLUDING THE REMOVAL OF LANGUAGE PERTAINING TO STAKING UNDERLYING ETHEREUM. It is now expected that 19b-4 approvals will come as soon as tomorrow, with less clarity on when S-1 statements will be approved. ETH closed yesterday with a daily gain of 19.25%, the largest daily gain since January 2021. ETH -2.30% (+3.22%) continues to rise today, trading near $3,800, while...
CRYPTO MARKET UPDATEDESPITE YIELDS MOVING HIGHER, RISK ASSETS ARE GENERALLY FARING WELL TODAY. BTC -1.07% BRIEFLY MOVED ABOVE $67,000 AGAIN IN THE MORNING HOURS AND IS NOW HOVERING JUST ABOVE THAT LEVEL. ETH -2.30% remains in a holding pattern, trading around $3,000 as it awaits a likely denial from the SEC this week on spot ETFs. The ETHE N/A% discount did compress slightly last week, possibly driven by longshot bets that the SEC...
MARKET COMMENTARYU.S. EQUITIES ARE RELATIVELY FLAT AS THEY CONSOLIDATE ABOVE PRIOR ALL-TIME HIGHS. THE SPX IS TRADING AT 5,300, AND THE NDQ IS HOVERING NEAR $18,600, WHILE THE DXY N/A% (-0.07%) IS SHOWING A SLIGHT DECLINE, TRADING AT $104.4. Crypto assets are showing strength, with BTC -1.07% rising 2.84% to $67.1k and ETH -2.30% surging 4.86% to $3,090. Liquid staking tokens are building on Ether's outperformance, as LDO 3.39% and PENDLE -1.89% have gained 10.11% and 13.43%, respectively. Similarly, layer-2...