Summary Crypto market slightly pulled back after China lowered two key lending rates on Monday. Bitcoin rejected at the 100dma ($24.8k) and gyrating around $24k. Ethereum, the focus of the month, could not find a support at the psychological level $2k yet, hovering in a narrow range at $1.9k. Crypto assets…

Market Recap Crypto assets traded higher following the easing of macro concerns, with Bitcoin trying to break the 100dma at $24.7k and Ethereum gyrating around $1900. Crypto total market cap stabilized at $1.2T. The intense focus in the crypto space continued to be the upcoming Ethereum Merge in September. Ether miners were…

Summary Digital assets rallied up after the lower-than-expected July CPI number released, with crypto market cap surpassed $1.2T level and BTC trading above $24k. The 8.5% CPI hinted the inflation problem has been declining and implied that the Fed may not take any hawkish action in September FOMC meeting. The expectation…

Summary Crypto market has been stabilizing at $1.1t total market cap since the first day of August. Bitcoin rejected $24.3k area for the third time in a month and returned to the narrow hovering range between $22.5k and $23.5k. Ethereum rejected at $1.8k while trading above 100dma ($1,624) with the hopes…

Market Recap Crypto market remained steady at $1.1T market cap level with boring price actions over the weekend. Bitcoin chopped between $22.3k and $23.4k and ended above the 200-weekly ma ($22.9k) (7d: BTC -0.9%). The higher-than-expected nonfarm payroll result on Friday hinted a possibly hawkish Fed action in September, $ETH reacted with…

Summary Price actions on digital assets were relatively quiet with BTC hovering around a narrow range (7d: BTC -2.6%). Recent Nomad exploit and Solana wallet hack incident raised security concern in the crypto space. Macro uncertainty ahead, including the Jobs Report and July CPI numbers, lowered investors’ risk appetite. However, the…

Summary The crypto market fell lower with macro uncertainty prior to the Friday jobs report and next week’s CPI. General crypto assets had high volatility yesterday since Pelosi, the US House Speaker, visiting Taiwan triggered US-China geopolitical tension. Total crypto market cap is $1.1T, …

Market Recap Bitcoin ended July green with +16.6% monthly return. Crypto assets slowed down on the first day of August, with Bitcoin rejecting $24.5k. The crypto market cap hovered with a narrow range over the weekend (currently at $1.1T), with BTC trading at $23k and ETH at $1.6k. July CPI (August 8)…

Summary Digital assets rallied (7d: $BTC +3.4%, $ETH +9.2%) following the confirmation of publicly anticipated 75bps interest rate hike from the FOMC statement and the dovish speech from Fed Chair, Jerome Powell. General funding rates also turned positive over last 3 days (BTC +6.3%, ETH +5.0%). Jerome Powell denied the US…