Markets


Markets

U.S. Election 2024: Bitcoin and S&P 500 Options Diverge, Hinting at Major Market Moves

"Either the strong positive correlation between BTC and the S&P 500 is about to break and flip negative, or one of these markets is mispriced. The excitement lies in the uncertainty."

(Phil Hearing/Unsplash)

Markets

The Notion of Aggressively Dovish Fed Fades as U.S. Inflation Report Looms

Bitcoin is struggling to gain upside traction as a hawkish rethink of Fed interest-rate policy raises Treasury yields and strengthens the dollar.

(Jesse Hamilton/CoinDesk)

Markets

Bitcoin, Asian Equities May Be Losing Capital to China Stocks

Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% in China's stocks makes this a strategic move, one observer said.

Viewing the stock board displayed on the electronic bulletin board in the business district

Markets

Attention Bitcoin Bulls, China Stimulus May Have Lost Its Mojo

According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.

16:9 Crop: Shanghai, China (Li Yang / Unsplash)

Markets

Bitcoin Set for Unusually Busy Weekend After Friday's Payrolls Data, Volatility Kink Indicates

BTC's implied volatility curve shows a noticeable kink on Oct. 5, signaling expectations for an unusually volatile Saturday.

Water. (https://pixabay.com/photos/rapids-water-turbulence-flowing-355737/)

Markets

XRP's 'Bearish Skew' Persists Amid 10% Price Slide Following SEC Appeal and ETF Filing

Just as optimism was about to surge, clouds rolled in, pushing prices lower.

XRP's price chart. (CoinDesk)

Markets

Open Interest in XRP Zooms to $1B as Ripple Tests RLUSD Stablecoin

Recent activities include minting significant amounts of RLUSD, suggesting the testing phase might be wrapping up or moving into a more active phase of development.

The ability to transfer all PYUSD user funds into PayPal may leave crypto natives hesitant to adopt the stablecoin. Oliver Buchmann/Unsplash)

Markets

Bitcoin $100K Bullish Bet Draws Nearly $1B Open Interest on Deribit

The $100,000 call is the most popular bitcoin option on Deribit.

BTC Options: Distribution of open interest across all expirations. (Deribit)

Markets

Bitcoin’s Link to Ishiba-Led Swoon in Nikkei Comes Into Question as Yen Declines

The yen losses suggest the market is not worried about Ishiba's hawkish image and potential for faster BOJ rate hikes, offering positive cues to risk assets, including BTC.

Japanese Yen. (Shutterstock)

Markets

MicroStrategy's Next Bitcoin Purchase Is Likely to Take Its Holdings Above Grayscale's GBTC

The self-described Bitcoin development company currently holds 252,220 bitcoins, but has more than $1 billion in dry powder with which to purchase additional tokens.

MicroStrategy executive chairman and co-founder Michael Saylor. (Danny Nelson/CoinDesk)

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