Starknet Airdrop Speculation, Circle Denies BBC Allegations

Name: FS Insight
Price range: $$$

Dec 1, 2023

Market Update Equities are continuing to climb after closing out a strong November rally. The S&P gained 8.9% for the month, while the Nasdaq advanced 10.7%. Cooling inflation data coupled with a resilient economy drove optimistic sentiment. Jerome Powel commented on the future rate hike this morning, attempting to temper expectations of future interest rate cuts. He stated that it's too early to assert that the current monetary policies are adequately stringent. Despite Powell's cautious words, bond yields decreased as investors interpreted his comments to suggest that the Fed might not increase rates further. Consequently, the 10-year Treasury note yield dropped by six basis points to 4.295%. $BTC has risen 3.1% to new YTD highs, reaching $38.8k for the first time since May 2022. The price surge is fueled by excitement over a proposed U.S spot bitcoin ETF, coupled with on-chain data indicating that a substantial portion of the asset has been transferred to cold storage. This suggests a strong demand and a reduced likelihood of immediate selling pressure. $ETH is performing in line with $BTC, rising 3.5% to trade at $2.1k. $DYDX is a notable underperformer, with a 3% fall today coinciding with a ~$505 million unlock (81% of circulating supply). The unlock comes from vesting of

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

FSInsight Puts Ethereum At $12,000 EOY, Bullish Forecast For Bitcoin

Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities

Market Update

By Sean Farrell • Oct 4, 2024

CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...

BTC -1.07% ETH -1.50% RENDER -4.07% SOL -2.90% STX 74.57% TAO -3.85% TIA 2.28% WIF -6.97% XMR -0.83% WULF

Bitcoin will hit $200,000 in the second half of 2022, predicts FSInsight

Visa Unveils Tokenization Platform, SEC Appeals XRP Decision

Market Update

By Tom Couture • Oct 3, 2024

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -1.07% falling to $60k and ETH -1.50% approaching the low $2,300s. Aptos (APT 0.24% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -3.25% is also showing slight gains following...

AAVE -3.25% APT 0.24% BTC -1.07% ETH -1.50% TOTAL XRP -1.37%

Invesco ditches its plan to launch a US bitcoin futures ETF any time soon, just before the first-ever makes its debut

Bitwise Files for XRP ETF, Crypto Prices Bounce as Oil and Gold Retrace

Market Update

By Sean Farrell • Oct 2, 2024

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -1.07% climbing back above $61,000 and SOL -2.90% moving above $145, while ETH -1.50% is lagging, trading around $2,400. Among today's outperformers is SUI -5.12% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...