Crypto prices rose marginally and most crypto-related stocks were lower shortly after the open. Bitcoin was trading at around $16,800 at 9 a.m. EST, up 0.6% over the past 24 hours, according to...
Tag: Equities
Coinbase, Binance enjoy market share gains after FTX demise
The Block tracks spot market share for cryptocurrency exchanges with fiat support. Only the largest exchanges with trustworthy reporting of exchange volume metrics are included. Binance’s market...
Bitcoin and equities roll over as markets digest another round of rate hikes: MacroSlate Report
On Dec. 13., a further decline of CPI to 7.1% was met by an expected rally in equities and a drop in the U.S. dollar and treasury yields. On Dec. 14., Powell increased interest rates by 50bps to a new...
Bitcoin slips, struggles to hold $17,000, Binance’s BNB slumps even further
Cryptocurrencies and crypto-related stocks were down in line with broader financial markets after a busy week of economic data and, of course, the arrest and charging of Sam Bankman-Fried. Bitco...
First Hong Kong bitcoin, ether ETFs lure nearly $75 million with trading set to begin Friday
CSOP Asset Management, a China Southern Asset Management subsidiary, will list the first bitcoin and ether ETFs on the Hong Kong Stock Exchange on Friday. CSOP Bitcoin Futures ETF and CSOP Ethe...
Equities Decline as Fed Shock Halts Global Rally: Markets Wrap
(Bloomberg) — US equity-index futures and European stocks declined after the Federal Reserve rebuffed expectations for a dovish tilt and said interest rates will go higher for longer. Most Read ...
Bitcoin miner CleanSpark reports $42.3 million net loss, missing estimates
Bitcoin miner CleanSpark reported $26.2 million in revenue, missing the average estimate of $27.1 million. The non-GAAP net loss of $42.3 million was also worse than the estimate of $15.4 million for ...
Bitcoin, crypto prices fall on Fed’s latest decision, US stock indices drop
Crypto markets pared gains alongside traditional counterparts as the Federal Reserve increased interest rates by 50 basis points. Bitcoin dropped 2%, trading at $17,926 at 2:20 p.m. EST followi...
Bitcoin slips below $18,000 as Federal Reserve raises interest rates by 50 basis points
The U.S. Federal Reserve raised the federal funds rate by 50 basis points, increasing it to a range of 4.25% to 4.5%, the highest since 2007. Today’s interest rate decision was largely exp...
Bitcoin trades around $18,000, U.S. dollar sinks as all eyes are on the Fed
Bitcoin soared ahead of the Federal Reserve’s last interest rate decision of the year while the U.S. dollar has erased much of its 2022 gains. Bitcoin was trading at $18,080 at 10:53 a.m....
Bitcoin, crypto prices buoyant, while Coinbase hits all-time low as Silvergate sinks 12%
Bitcoin and other crypto prices are holding onto gains after better-than-expected inflation data ahead of the Fed’s last rate decision of the year. Crypto stocks didn’t fare so well,...
US inflation remains elevated but falling – time to buy equities?
The most-awaited US November inflation report was just released a couple of hours ago. It showed that inflation, while elevated, is falling. Financial markets have waited for the report to prepare for...
Cooling Inflation Has Bitcoin, Stocks Heating Up
Bitcoin and ether rallied Tuesday morning on cooler-than-anticipated inflation data ahead of the Federal Reserve’s interest rate decision. Inflation rose 7.1% year-over-year in November, coming ...
Bitcoin hurtles toward $18,000 as inflation comes in below expectations, crypto stocks soar
Bitcoin and crypto prices soared following lower-than-expected U.S. inflation data for November. Crypto stocks bounced in line with U.S. stock futures. Bitcoin was hurtling toward $18,000 shortl...
U.S. inflation shows signs of cooling at 7.1% in November, below estimates
Inflation in the U.S. came in at 7.1% in November, compared to the 7.3% year-on-year forecast. The month-on-month increase was 0.1%, down from 0.4% in October. Cryptocurrencies and traditional ...
Crypto, Equities Markets Are Watching These Key Events This Week
One thing markets hate is surprises, and if this week doesn’t go according to plan, they could be in for a rude awakening. Equity and crypto markets remained relatively tame Monday as traders aw...
Cumberland sees better days for crypto in 2023 after market ‘rewires itself’
Cumberland sees adoption leading to a market recovery in 2023, but only after a “spat of volatility” as the “market rewires itself.” Jonah Van Bourg, the firm’s head of trading, said he expects ...
Bitcoin flirts with $17,000 as Binance token price plunges with big week ahead for markets
Cryptocurrencies and crypto-related stocks had a mixed start to the week, while GBTC saw the discount on the fund’s net asset value approach 50%. Bitcoin whipsawed above and below $17,000 ...
Bitcoin up over the week, while Coinbase and Silvergate plummet, GBTC discount widens
Bitcoin and ether are trading higher ahead of U.S. inflation data and the Fed’s latest interest rate decision. Crypto stocks sank throughout the week. Bitcoin was changing hands at about $...
Using the DXY to forecast US equities ahead of the December CPI report
Next week is a busy one for traders. Four central banks will release their monetary decisions (Federal Reserve, Swiss National Bank, Bank of England, European Central Bank) for the last time in 2022. ...
Bitcoin trades above $17,000 as Coinbase leads sell-off in crypto stocks
Crypto prices were up on Friday, while most related equities sank. Block bucked the downward trend, adding 2.4%. Bitcoin was changing hands for $17,154 at noon EST on Friday, according to Tradin...
Volatility Index Paints a Gloomy Picture for Bitcoin, Equities
A key measure of market volatility is pointing to an extended bear market, and it’s bad news for bitcoin, analysts say. The CBOE VIX Index, which measures volatility based on the S&P 500 opt...
Analysis of Signature Bank’s Comments at Goldman Sachs US Financial Services Conference
December 8, 2022, 1:33PM EST • 2 min read Quick Take December 6, 2022 Signature Bank gave remarks regarding their crypto strategy and FTX at Goldman Sach’s Conference Signature reducing digital asset...
Grayscale’s GBTC discount to NAV hits all-time low of 47%
The price of Grayscale Bitcoin Trust (GBTC) versus the bitcoin it actually holds hit an all time low on Wednesday, with the discount ratio reaching 47.3%, according to data from The Block. The G...
Bitcoin, crypto assets drop, Silvergate shares hit two-year low as stocks trend lower
Crypto and related assets slumped alongside traditional markets. Bitcoin slid 1% below the $17,000 mark to $16,845 at 10:15 a.m. EST, according to data via TradingView. Ether slipped 1.4% in th...
Coinbase slips 7%, Silvergate sinks over 4% as equities have another down day
Bitcoin and ether were little changed amid a plunge in equities. Bitcoin was trading just below $17,000, up about 0.2% by 4:00 p.m. EST, according to TradingView data. The leading cryptocurrency...
Analysis of Silvergate Capital’s FTX and BlockFi Public Letters
December 6, 2022, 12:06PM EST • 4 min read Quick Take December 5, 2022 Silvergate CEO Alan Lane releases public letter addressing FTX, Alameda and the recent market turmoil Closed December 5, 2022 tr...
Litecoin, dogecoin lead declines in crypto prices, Silvergate plummets pre-market
Altcoins led the drop in crypto markets as bitcoin and ether also slid. Silvergate sank over 11% in pre-market trading despite the CEO’s efforts to reassure the market. Bitcoin slipped 1....
Analysis of Robinhood’s Comments at Goldman Sachs US Financial Services Conference
December 10, 2022, 5:02PM EST • 2 min read Quick Take On December 7, Robinhood presented at Goldman’s U.S. Financial Service Conference Gave updated view on digital asset operations and strategy in t...