Rate cuts, a stimulus package, and imminent ETF options offer new compelling reasons for robust Q4 momentum.
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Crypto sensitivity to economic data continues
Bitcoin rallied above $63,000 with a 9% weekly gain following the Fed’s rate cut, while ETHBTC reclaimed 0.04 as ETH saw a 15% gain. The Chinese central bank added to easing liquidity conditions by lowering both interest rates and reserve requirements. These actions further bolster the bullish outlook for Q4. We also expect economic indicators to continue influencing bitcoin price action. Next week sees the monthly release of important U.S. labor market statistics, accompanied by a banking h
The People’s Bank of China announces its largest stimulus measures since Covid, causing markets to rally... but that's not all that happened this week!lg...more
After a temporary hiatus, CME premiums are climbing to 8-month highs backed by exposure surging to all-time highs as excitement builds rapidly ahead of today's IBIT options launch. lg...more
The U.S. interest rate decision is expected to substantially impact crypto markets, as correlation between BTC and equities has neared all-time highs. We note clear signs of hedging on CME, while offshore yields itches higher.lg...more