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Daily Crypto Analysis

Morning‌‌ ‌‌Update—June 1st—Macro and Crypto Markets

June 1, 2021

Crypto markets (trading 24/7) didn’t rest and, unlike equities, rose. BTC gained almost 5%, rising from $35,500 to the current $37,300.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 31st

May 31, 2021

Last Friday finished on a risk-on tilt, with most equity indexes retreating at the end of the session, but still closing higher. Bonds were bought, pushing the 10-year yield, while gold rose to above $1,900. The dollar moved slightly up and slightly down, but is still trending lower.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 28th

May 28, 2021

I was looking at the dollar index on both a short and long-term basis: Its short-term moves up and down and seems to be affecting markets. The bigger picture, however, is that it’s inexorably going down. That’s a positive for real assets, if only from a price perspective—let’s ignore the real value for now. Equities remain elevated but with no indication of going down. Gold seems well supported, close to $1,900.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 27th

May 27, 2021

It’s been a somewhat tepid session all around. Investors are looking at both the next move from the Fed and the jobless claims data, due later today. Equities closed in the green but almost flat, and bonds in the red but almost flat. The dollar seems to have gained somewhat and, in response, gold retreated slightly.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 26th

May 26, 2021

Interesting dynamic to observe in macro markets. While Fed comments remain accommodating, disappointing economic data pushed investors to sell stocks and buy bonds. The 10-year yield fell to 1.55%, which ultimately is a positive for equities. It’ll be interesting to see how far up or down they’ll go before things revert. Gold seems to be flourishing in the inflation-fear environment, now close to $1,900.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 25th

May 25, 2021

It’s been a long-time coming: Ray Dalio, manager of the world’s largest hedge fund, finally said (admitted?) that he owns “some Bitcoin.”

Morning‌‌ ‌‌Update—May 24th—Macro and Crypto Markets

May 24, 2021

In traditional markets, both the S&P and the Dow closed last week in the red (as they did the week before). The Nasdaq closed just barely higher.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 21st

May 21, 2021

Both traditional markets and crypto markets are up, yet there’s a different ambience in the cryptosphere. For all the people who held on amidst the crash, congrats, you’re at least higher now than when things dropped to 30,000.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 20th

May 20, 2021

Justin d'Anethan

Many times, macro market sentiment affects crypto prices, but yesterday, it seems like the opposite happened. I won’t dive too deep into it, but traditional markets had a strong risk-off session.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 18th

May 18, 2021

Traditional markets traded muted yesterday, with bonds slightly sold and the 10-year yield pushed a tad upward. Equities closed flat or barely down, holding up the recovery sessions seen at the end of last week. Gold might be the highlight, falling upon opening, only to close 1.5% higher, at $1,865.

Morning‌‌ ‌‌Update—May 17th—Macro and Crypto Markets

May 17, 2021

Justin d'Anethan

It’s an interesting time to be looking at crypto markets and traditional markets. Unfortunately, for now, the former really is underperforming.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—May 14th

May 14, 2021

We’re seeing nearly predictable market moves. After three days of decidedly bearish sessions, equities finally paused and recovered some of the previous session’s losses. The S&P, the Nasdaq, and the Dow all rose around 1%. Bonds were also bought, pushing the 10-year yield back below 1.7%.