Ethereum
$ETH
383 Results
ETH Touches $3k as Tailwinds Align, Ethena Launch Generates Both Fanfare and Concern
Equity markets are under pressure this morning, with the QQQ and SPX indices dropping over 1% and approximately 0.70%, respectively. This downturn occurs amidst a backdrop of a declining DXY and lower rates, underscoring a continued decoupling between risk assets and the bond market since early January. The crypto market is also experiencing a pullback, following Bitcoin's premarket attempt to surpass the $53k mark and Ethereum's notable weekend achievement of...
BREAKING AWAY While we maintain that macro conditions are still the most critical factor in assessing the medium/long-term trajectory of BTC prices, daily returns of the leading cryptoasset continue to exhibit a lack of defined correlation with any major macro asset. To us, the biggest reason for this sustained lack of correlation is the advent of the spot BTC ETF. A prime example of how ETFs are influencing BTC's performance...
Markets are reacting to this morningâs January PPI data coming in higher than expectations. The report showed a MoM increase of 0.3% vs. 0.1% expected, and core PPI rising 0.5% vs 0.1% expected. In conjunction with a similarly hot CPI report this week, the data has shifted market expectations of the Fedâs first rate cut to June. U.S. equities are declining following the data release, with the SPY, QQQ, and...
Telefonica Forms Strategic Partnership with Chainlink Labs, Citibank Completes Tokenization Pilot on Avalanche
A flurry of economic data this morning has provided mixed signals for markets. On one side, retail sales decreased 0.8% MoM versus an expected 0.2% decline. On the other side, jobless claims came in lower than expected and the Empire State manufacturing survey showed higher than expected prices paid. U.S. equities are mixed, with the SPY gaining 0.29% and the QQQ showing a modest decline of 0.05%. BTC -1.01% (+0.75%) continues its...
Starknet Foundation Announces Airdrop Details, Taurus and Lido Partner for Institutional Liquid Staking
After yesterdayâs sell-off following January CPI data, U.S. equity indices are rebounding, with both the SPY and QQQ rising approximately 0.40%. BTC -1.01% showed resilience yesterday and continues to demonstrate strength today, surging 4% and briefly eclipsing the $52k mark. ETH 0.36% (+3.96%) is showing similar gains, rising above $2,750, the highest level since May 2022. Robinhood, a stock and crypto trading platform, beat earnings expectations yesterday, largely due to 10% year-over-year growth in...
Monday morning picked up right where yesterday left off, with BTC -1.01% surging toward $50k, momentarily touching the key level across several exchanges. The rally appears to be driven by spot market demand, as evidenced by a significant spike in spot volume while funding rates remain muted (see chart below). A substantial portion of this volume is likely entering the market via spot ETFs chasing the positive weekend price action. Concurrently,...
WEATHERING THE STORM Heading into Q1, the key risks identified were: (1) A potential QRA supply shock, as long-term interest rates could surge due to a possible shift in bond issuance towards longer-duration securities, (2) the repricing of interest rate cuts, as the Federal Reserve downplayed expectations regarding the timing and frequency of such cuts, and (3) concerns regarding the dynamics between the expiration of the Reverse Repurchase Agreement (RRP)...
Bitcoin surged to a four-week peak, trading at ~$45,400 in tandem with the U.S. stock indexes reaching all-time highs. After dipping to a low of $42,700 on Wednesday, Bitcoin's value increased by nearly 5%, marking its highest point since January 11. ETH 0.36% is also moving higher, topping $2.4k with a 3% increase. Ethereum's two-week peak follows an amendment of the joint spot ETH ETF application by asset managers Ark Invest and 21Shares....
Crypto markets are rising today, with BTC -1.01% (+1.45%) trading above $43k and ETH 0.36% (+2.33%) surpassing $2,350. Dymension, a new layer-1 network focused on providing rollups-as-a-service, processed its first block, marking its mainnet launch. The first phase of the protocol is focused on enhancing economic security, after which the focus will shift to launching RollApps, a way for developers to deploy consensus-free blockchains easily. DYM, Dymensionâs native token, has gained 15.3% in early...
The SPY (-0.44%) and QQQ (-0.40%) are moving lower to start the week following ISM Services data coming in at 53.4 vs. 52.0 expected, marking the highest level since October. The prices paid component surged to 64.0 vs 56.4 expected, causing rates and the DXY (+0.52%) to move higher. BTC -1.01% and ETH 0.36% pared early morning gains and are roughly flat on the day, trading at $42.5k and $2.3k respectively. Chainlink (LINK -3.88% )...
QRA IN LINE WITH MARKET EXPECTATIONS _THE RESULTS_ The Treasury’s quarterly refunding announcement (QRA) was the first of two major macro events to transpire on Wednesday. Leading up to this, on Monday, there was an indication that the net borrowing for the current quarter would be $760 billion, which is $55 billion lower than the initial $815 billion estimate, and the total funding needs for Q2 would be just over...
