Markets today by TradingView   Last Friday, BTC sold off from around USD 63,500, finding support above USD 60,000 before retesting its Friday highs during the US session on Monday. On Tuesday, US PPI data came in higher than expected (0.5% actual vs. 0.3% expected), causing BTC to test levels slightly above USD 60,000. It then climbed higher on news that the Wisconsin Investment Commission was holding IBIT. The ultimate “risk-on” support came on Wednesday when US CPI data came in lower than estimated (0.3% actual vs. 0.4% expected), leading traders to price in a more than 50% probabi ..read more

Markets today by TradingView Week-over-week performance: BTCUSD: 61,535 / -3.04% ETHUSD: 2,889 / -5.8% US10Y: 4.49% / +2 bps DXY: 105.26 / +0.07% GOLD (USD/OZ): 2,341 / +0.82% SPX: 5,221 / +0.8% NDX: 18,198 / +0.58% DVOL: 56.51 / +2.1% VIX: 13.59 / +0.81% Looking ahead – Economic Calendar Tuesday, 14 May: US PPI, Fed Chair Powell Speaks Wednesday, 15 May: US CPI, US Retail Sales Thursday, 16 May: US Jobless Claims Friday, 17 May: EU CPI On the macro side: Last week went smoothly with a modest economic schedule, and we witnessed the familiar bullish trend in most markets, with the except ..read more

Markets today by TradingView Last Friday’s Non-Farm Payrolls (NFPs) came in below expectations, causing the USD to decline and risk assets to rise. This fuelled hopes for earlier and additional rate cuts. Concurrently, negative funding rates last Thursday and Friday (late shorts trapped) created the ideal scenario for a squeeze higher. Additionally, with BTC ETF net outflows from last Thursday (only GBTC had outflows) being negligible, BTC swiftly surged above USD 60,000 just before the US market opened. It continued to rise over the weekend and peaked below USD 65,600 on Monday morning d ..read more

Markets today by TradingView Week-over-week performance: BTCUSD: 63,463 / +0.06% ETHUSD: 3,067 / -3.31% US10Y: 4.47% / -15 bps DXY: 105.18 / -0.72% GOLD (USD/OZ): 2,322 / +0.13% SPX: 5,180 / +1.25% NDX: 18,093 / +1.75% DVOL: 55.35 / +4.90% VIX: 13.48 / -8.17% Looking ahead – Economic Calendar Tuesday 07 May: CH Foreign Reserves (USD) Thursday 08 May: BoE Interest Rate Decision, US Jobless Claims, Fed’s Balance Sheet Friday 09 May: UK GDP On the macro side: Last week was packed with economic updates, which largely favoured risk assets. Both the FOMC and the QRA were more dovish than anti ..read more

Markets today by TradingView   This week, BTC peaked at USD 64,700 during the Asia session on Tuesday night before dropping to USD 59,000 by the close of the US session, breaking its key support level of USD 60,000. The drop was boosted by investors exercising caution before the FOMC meeting, taking on a risk-off approach, a strong rise in the USD (DXY peaking at 106.5 on Wednesday morning), and key major macro indicators such as the CB Consumer Confidence and Chicago PMI released data coming in worse than predicted during the Tuesday session. BTC bottomed around USD 56,500 during th ..read more

In the May edition of the Crypto Finance House View, we cover the following topics: Market Review & Outlook Crypto assets exhibited volatility in early April but maintained their position as one of the best performing assets year-to-date. There is an increasing focus on the fundamental value drivers of various chains and protocols, with the expectation that projects will need to deliver tangible results or face declines in their token value. Looking ahead, the crypto market’s sensitivity to changes in US interest rates suggests potential volatility, but there remains a strong belief tha ..read more

Markets today by TradingView Week-over-week performance: BTCUSD: 63,423 / -4.28% ETHUSD: 3,172 / -0.13% (!) US10Y: 4.62% / +1 bp DXY: 105.94 / -0.16% GOLD (USD/OZ): 2,319 / +0.3% SPX: 5,116 / +2.12% NDX: 17,782 / +3.32% DVOL: 52.76 / -23.06% VIX: 14.68 / -13.29% Looking ahead – Economic Calendar Tuesday, 30 April: EU CPI, EU GDP Wednesday, 1 May: EU/CH/UK/APAC Labour Day, US JOLTs, FOMC & Press Thursday, 2 May: CH CPI Friday, 3 May: US NFP On the macro side: Last week, the US PCE index exceeded expectations, registering a year-on-year increase of 2.7%.  While this indicates a d ..read more

Markets today by TradingView   This week, BTC traded in a tight range facing major resistance in the USD 67,000-67,300 range on Monday and Tuesday, and finding support at the level of USD 63,000 yesterday. As anticipated, the BTC halving on the weekend did not have a big impact on the price. Market sentiment in the cryptocurrency sphere appears to be predominantly influenced by macroeconomic news and its potential impact on interest rate cuts. In light of lower-than-expected US GDP data, risk assets experienced a decline, suggesting reduced likelihood for rate cuts in June and a post ..read more

Markets today by TradingView Week-over-week performance: BTCUSD: 66,262 / +5.88% ETHUSD: 3,176 / +4.65% US10Y: 4.61% / +0 bps  DXY: 106.12 / -0.16% GOLD (USD/OZ): 2,312 / -3.18% SPX: 5,010 / -1.01% NDX: 17,210 / -2.80% VIX: 16.93 / -11.91%   Looking ahead – Economic Calendar Tuesday, 23 April: US PMI Thursday, 25 April: US GDP, Fed’s Balance Sheet Friday, 26 April: BoJ Interest Rate Decision, SNB Board Member Jordan Speaks, US PCE On the macro side: Geopolitical risks, coupled with a negative outlook by Fed members, pushed US equities lower and kept defensive assets such as g ..read more

Markets today by TradingView   The Iranian attacks on Israel last Saturday evening caused a sell-off in the cryptocurrency market, with BTC falling from highs of around USD 68,000 on Saturday morning to around USD 60,500-61,000 on the major exchanges before retracing with high volatility to levels around USD 64,000 on Sunday. Due to the heavy liquidation, many of the major exchanges dipped slightly below USD 60,000, where nearly USD 1 billion was liquidated in a 4-hour window with leveraged longs of USD 700 million. Monday morning began with a bullish candle, with Asian investors buy ..read more