Today I’m looking at the Nasdaq futures daily chart – a simple and short view. Nasdaq is still highly correlated with crypto (94% with Ethereum and 78% with Bitcoin from mid-June).
We are very close to an 80-day cycle low in Nasdaq and a rally should be imminent. Notice that the June low was significant, at least a 40-week cycle trough, which means the upward force of this big and relatively new cycle is still present and bullish. Get ready to reposition.
Avaloq study reveals traditional banks could unlock crypto demand as 48% of non-investors seek trusted provider access
In a move that could reshape retirement investing, a new executive order allows 401(k) plans to include higher-risk private equity and cryptocurrency investments.
A new report highlights Thailand, the UAE, India, and the Philippines as regional leaders, driven by favorable regulations, increasing institutional interest, and a belief in the future potential of digital currencies.
BTC has soared past US$21,000. Also, Justin Sun is looking to spend a billion dollars on DCG's assets, India's RBI head is calling for a complete ban on crypto, and more.
Global bond yields are at levels Bitcoin has never traded through, draining liquidity from risk assets as gold emerges as the preferred safe haven and Japan’s rising rates threaten to unwind the carry trade.
A Treasury bond buyback expansion, a new SEC crypto offering rule, and Trump's push for Congress to advance the Clarity Act landed within 48 hours, wiping out roughly $1.9 billion in mostly short positions.
The $35.3 million net loss was driven almost entirely by a non-cash bitcoin markdown and a tax provision, not by the underlying leasing business the company pivoted to after its Nasdaq debut.
Seoul is a rare expansion story in BitGo's rough first year as a public company.
