Market Insights
Article by Elisha
BTC reclaimed $60K overnight and is stabilizing at these levels, fully reversing last Monday’s sell-off. BTC even ticked higher when Bitgo moved $2B of Mt. Gox BTC last night. This could signal that the market is beginning to disregard this supply factor.
ETH spot ETFs continue to attract inflows, marking a 2-day winning streak and drawing $24.3 million in net inflows on Tuesday.
Last night’s softer US PPI print shifted market expectations towards a 50bps rate cut in September by the Fed, with the probability now at 52.5% for 50bps versus 47.5% for 25bps.
All eyes are on tonight’s US CPI print. A soft CPI could support a recovery in risk assets like equities and crypto on the back of anticipated Fed rate cuts.
With consistent ETF inflows and BlackRock buying the dip last week, crypto seems relatively well supported. However with no major catalysts on the horizon, we anticipate limited major breakouts until Q4.
PRINCIPAL PROTECTED BTC RANGE ACCRUAL
Spot ref: 61,000
a) For the front-end traders, they were frantically covering their short positions as the continued rally squeezed into their shorts b) Mid-tenor traders were relatively
Reject modernity, embrace tradition. These 4 four words would have served you well in navigating (and profiting!) from crypto markets in the past week. Seasoned
BTC briefly touched 98k over the Thanksgiving weekend, driven by Saylor’s BTC investment strategy presentation to Microsoft. Microsoft’s shareholders are scheduled to vote on a
BTC reclaimed the critical 95,000 level last night after PCE price index came in as expected. ETH was the main outperformer yesterday as it rallied
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