Market Update - November 18, 2024
Donald Trump secured presidential win: The news is widely seen as a boon to the crypto space because of Trump’s pro-crypto policies. Bitcoin prices hit an all-time high.
Solana reached a record 123 million active addresses in October, up over 42% from September: The network’s user engagement is now reportedly surpassing...
Market Update - November 1 2024
Fueled by positive market sentiment, the price of bitcoin exceeded $73,100, just shy of its all-time high: The Fed’s decision on rate cuts could further fuel a price increase, but bitcoin pulled back Thursday toward $70,000 amid a broader tech sell-off.
US spot bitcoin ETFs recorded $870 million in inflows on Tuesday, led by...
Market Update - October 25, 2024
US spot bitcoin ETFs saw $79 million in net outflows Tuesday, reversing a seven-day inflow streak that had brought in over $2.6 billion: The outflows came mainly from Ark and 21Shares' ARKB fund.
Bitcoin prices inched closer to $70,000 at the start of the week when futures open interest surged to over $40 billion: But...
Market Update - October 18, 2024
Mt. Gox has delayed its bitcoin repayment deadline by a year: This delay is viewed as a greenshoot for bitcoin prices, with traders arguing it reduces selling pressure on the broader market. The price of bitcoin was just short of $67,000 by Thursday afternoon.
US spot bitcoin ETFs saw notable net inflows of more than $555...
Market Update - October 11th 2024
Takeaways
HBO documentary seeks to unveil Satoshi Nakamoto’s identity : HBO released a documentary, “Money Electric: The Bitcoin Mystery,” on Tuesday that suggests an early Bitcoin developer named Peter Todd invented the cryptocurrency.
Crypto.com has filed a lawsuit against the SEC after receiving a Wells notice,...
Market Update - October 4th 2024
Takeaways
Bitcoin fell following the news of Iran’s retaliation on Israel, and the election of Japan’s new prime minister: The decline comes after a recent rally spurred by the Federal Reserve's rate cut.
Net inflows into global crypto funds reached $1.2 billion last week, marking their largest increase in 10 weeks: ...
Market Update - September 27th, 2024
Takeaways
The SEC has approved Nasdaq's request to list and trade options on BlackRock's spot bitcoin ETF: The decision introduces new hedging tools for investors but comes with a 25,000 contract limit which has been criticized by the exchange as “conservative.”
Crypto investment products saw a second consecutive week...
Market Update - September 20th, 2024
Takeaways
The Federal Reserve cuts rates: The Federal Reserve announced Wednesday it will cut the federal benchmark interest rate by a half-percentage point (50 basis points), lowering the range to between 4.75% and 5%. Crypto markets responded well to the move, with the price of bitcoin pushing past $63,000.
US...
Market Update, September 13th 2024
Takeaways
Inflation stays under control: The Consumer Price Index increased 2.5% in August compared to the previous year, down from the 2.9% bump in July. The latest data indicates the Federal Reserve will likely cut interest rates by 25 basis points next week.
Bankrupt crypto exchange FTX has reached a $14 million...
Market Update - September 6, 2024
Takeaways
The market faced a broad decline over the past week: More than $162 million in crypto liquidations occurred last weekend, primarily from long positions, as US bitcoin ETFs experienced net outflows totaling $276 million. As of Thursday, the price of bitcoin had dropped to nearly $56,000.
The SEC has expressed...
Market Update - August 22, 2024
Harris policy adviser talks digital assets: Speaking at a Bloomberg roundtable event, Kamala Harris policy adviser Brian Nelson said Harris will support policies to grow crypto and other emerging technologies.
Spot bitcoin ETF holdings total $4.7 billion: Goldman Sachs and Morgan Stanley invested in BlackRock's iShares...
Takeaways
Inflation cools again: Consumer prices in the US increased just 2.9% in July compared to the previous year, the slowest mark in three years, according to the US Department of Labor.
Kamala Harris has overtaken Donald Trump in odds to win the US presidential election on Polymarket: Harris's campaign has reached out to the crypto industry, but...
Takeaways
Bitcoin's value dropped below $50,000 early this week, marking its lowest point since mid-February: But prices quickly bounced back, briefly pushing near $60,000 on Thursday, as major indices regained their footing despite fears of a US recession.
Amid global market turbulence, US spot Bitcoin ETFs saw $168.4 million in net outflows on Monday:...
Federal Reserve officials signaled the possibility of a September rate cut during their July meeting: But crypto prices pulled back after Iran pledged it would retaliate against Israel for assassinating Hamas leader Ismail Haniyeh on Iranian soil.
Donald Trump expressed strong support for cryptocurrency at the Bitcoin Conference in Nashville: Trump pledged...
Market Update - July 19, 2024
Bitcoin Rallied Amid Renewed Volatility Linked to Trump's Election Prospects
Mt. Gox Moves SEED_TVCODER77_ETHBTCDATA:9B in Bitcoin Ahead of Creditor Repayments
Investors Hedge Positions as US Spot ETH ETFs Near Launch
Coinbase Shifts Strategy for Gary Gensler Subpoena
Hong Kong to Release Stablecoin Consultation Results
...
Takeaways
US labor market and inflation showed signs of cooling in June: The unemployment rate rose to 4.1% and CPI, a core inflation measure, increased just 3.3% year-over-year.
US House can’t override Biden veto: US lawmakers fell short of the two-thirds majority needed to overturn Biden’s veto of a Congressional resolution to overturn an SEC bulletin...
Crypto prices declined up to 7.5% to kick off week: The dip came as investors registered $150 million in liquidations, and the German government began unloading bitcoin it seized from a piracy site in 2013.
Defunct bitcoin exchange Mt. Gox will start distributing repayments in bitcoin and bitcoin cash in July: The upcoming move marks significant progress...
Bitcoin prices fell Monday as nearly $500 million in positions were liquidated: Long positions took the majority of the losses.
Deutsche Telekom, parent company of T-Mobile, to join Bitcoin mining sector: The move could enhance network security but also increase competition among miners.
Consensys says SEC has ended its Ethereum 2.0 investigation: The...
