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Daily Crypto Analysis

Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 12th

May 12, 2021

With commodities prices rising—essentially shortages in raw materials and semiconductors—the idea that production might slow down, that inflation might pick up, and that recovery might not be as smooth as we had hoped for, is weighing on investors' minds. The Dow gapped down almost 1.5%, and the S&P and Nasdaq also fell. Yields, on the other hand, are picking up.

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Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 11th

May 11, 2021

From time to time, we mention commodities, but these days, they are the highlight. With rising prices in copper, iron, crude, and lumber, the idea that inflation is coming pervaded the minds of investors. Bonds were sold, pushing the 10-year yield back above 1.6% and, as we’ve seen happen before, tech stocks suffered most. The Nasdaq fell almost 2.5% and the S&P lost over 1%.

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Daily BTC Analysis

May 11, 2021

If you're feeling a little frustrated at Bitcoin's lack of upside movement this week, it's probably a good day to take a step back and look at the bigger picture.

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Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 10th

May 10, 2021

Despite truly disappointing jobs numbers on Friday, markets ended on an upbeat note. The S&P rose to fresh new highs, above $4,230. The Dow hit records too, at $34,777. Tech stocks are a distance away from all-time highs but up on the session. Interestingly, gold is also marching on and up, now at around $1,835.

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Daily BTC Analysis

May 10, 2021

Bitcoin has bounced along between support and resistance again today, with the continued battle of the bulls and bears proving a stalemate. In fact, all the action today has been in one place: Twitter.

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Daily BTC Analysis: The Weekender

May 9, 2021

Welcome to the Weekender: Your weekly round-up of all the top news stories, as chosen by you, our readers. This week, the top spot was taken by another story of mass crypto adoption.

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Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 6th

May 6, 2021

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.

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Daily BTC Analysis

May 6, 2021

Bitcoin's performance this week has the smell of a product desperate to go up. The reversal from the lows at $53,130 was a clear signal that alts aren't going to be allowed to have all the fun.

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Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 7th

May 6, 2021

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.

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Daily BTC Analysis

May 6, 2021

Bitcoin has that Friday feeling. We are within touching distance of setting up a bullish weekend trading session, and with today's higher low, we just need a higher high to tilt the balance and set the tone.

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Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 5th

May 5, 2021

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.

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Daily BTC Analysis

May 5, 2021

Another day of two halves saw Bitcoin start the day testing support at $53,130, found dip buyers laying in wait, and then marched on toward resistance at $58,800.

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