Most commentators agree that an inflow of corporate funding has fueled the 2021 Bitcoin (BTC) bull run. Increasingly, corporate treasurers are allocating part of their reserves to cryptocurrencies. Which firms are making the shift, and what’s behind the move?
Today we saw interesting market dynamics. With positive earnings and positive expectations, along with good job numbers, the real economy seems to do better than tech stocks. The Dow rose and remains at record levels while the Nasdaq continues to retreat. While that’s happening, rates are actually going down (with bonds being bought), after Yellen clarified some of yesterday’s comments.
Yesterday, an appetite for risk took over investors. Equities were bought ‘en masse’, pushing the Dow to record highs of $34,560 while both the S&P and Nasdaq rose. Bonds on the other hand were sold, with the 10-year yield now at 1.56%. Gold broke through to $1,815, after a 1.6% gain. In the crypto space, while BTC almost seems to be stagnating in the 59-53K range, most coins are up on the session.
If you invest in the stock market, then you always look at interest rates: They guide risk appetite in a very real way. After Treasury Secretary Yellen commented that rates might have to rise somewhat to keep the economy from overheating, a general risk-off tilt took over Wall Street. While indexes fell, they eventually closed back at ‘OK’ levels.
The Ethereum 2.0 implementation, which goes by the names Eth2 and Serenity, is the most significant change to Ethereum since its genesis in 2015. Here’s the complete lowdown on what to expect.
Markets moved up slightly, but not on positive news—rather on the Fed announcing that economic recovery still looked patchy. This pushed the 10-year yield down, which ultimately is a positive for equities. The S&P and the Dow edged up, while the tech-heavy Nasdaq fell.
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Last week finished on a risk-off tilt, with equity indexes falling. Despite positive earnings and positive expectations, covid cases rising, political moves in the US and tensions in Asia dampened investors’ spirit.
With global cryptocurrency market capitalization comfortably over $2 trillion USD, the question for institutional investors and traders is not whether they should enter crypto markets but how to do so in a manner that protects their investments, hedges against risk, and meets regulatory requirements.
The S&P reached new highs, closing the session above $4,200. The Nasdaq also rose to record levels but ended up closing a bit down. The Dow is still below all-time high but decidedly up. Investors are feeling bolstered by positive earnings and positive expectations by tech companies and lower unemployment numbers. While that’s happening the USD is edging down and gold is staying flat.
As we head into another potentially volatile weekend trading session, the mood has shifted. Last week it was fear, this week it's FOMO. Should Bitcoin break higher through $56,600, then the rally to $60,000 is on. This is no small task: $56,600 is likely to be the key area for short-term profit taking for those who braved the dip.
The S&P reached new record highs yesterday, but then retracted and ended the session down. The Nasdaq fell straight away. We’re seeing indexes fall alongside the dollar, surprisingly. Maybe that has something to do with Biden’s new welfare and tax plan. It’s worth noting that, despite vaccinations, Covid cases continue to hit new records.
With the dollar gaining against its peers, we saw quite a lot of selling taking place during the US session. Bonds fell, with the 10-year rising closer to 1.6%, and equity indexes pulling back slightly, mostly dragged by tech stocks.