TREE NEWS reports: CryptoQuant reports that Bitcoin has entered the early stages of a new bull market, but confirmation requires a close above the $83,000 moving average. The analysis suggests that a sustained break above this level could signal further upside momentum.
TREE NEWS update: Bitcoin fell below $78,000 after July US PCE inflation data came in slightly higher than expected, pressuring risk assets including stocks and gold. The cryptocurrency failed to challenge the $80,000 level as markets reacted to the inflationary signal.
TREE NEWS update: Glassnode reports that short liquidations have driven a 11% drop in futures open interest, with Bitcoin facing resistance between $81,000 and $86,000. The data suggests a potential short squeeze that could fuel further upside if resistance is broken.
TREE NEWS reports: The ‘Fed whisperer’ suggests that how Federal Reserve Governor Christopher Waller explains inflation will determine his future policy trajectory. His interpretation of current price pressures is crucial for market expectations of rate moves.
TREE NEWS reports: Mediterranean Shipping Company (MSC) has suspended its Black Sea routes following a drone attack on its vessel. The incident highlights growing risks to commercial shipping in the region, with potential implications for global trade and energy markets.
TREE NEWS reports: Morgan Stanley notes that the latest core PCE data did not cool expectations for Fed rate hikes. The firm suggests that inflation remains sticky, keeping the door open for further policy tightening.
TREE NEWS update: Analysts argue that the ‘Bessent effect’ is unlikely to push Bitcoin into a true bull market, with the recent rally primarily driven by short covering rather than sustained demand. The outlook remains cautious as macroeconomic factors continue to weigh on the crypto market.
TREE NEWS reports: According to Axios, Google has introduced new tools in response to the ongoing AI price war. This move aims to strengthen its competitive position in the AI market.
TREE NEWS update: The S&P 500 and Nasdaq 100 indices turned positive in trading, indicating a rebound in US equities. This move may reflect improving market sentiment amid ongoing economic conditions.
TREE NEWS reports: The three major US stock indices opened lower on Monday, reflecting broad declines across the market. This move comes amid ongoing investor concerns over economic conditions and geopolitical tensions.
TREE NEWS update: US stock markets opened with the Nasdaq slightly lower by 0.22%, while Meta shares rose approximately 3%. This indicates mixed investor sentiment at the start of trading.
TREE NEWS update: Bitcoin’s price has fallen below $78,000, marking a significant decline. This move reflects ongoing volatility in the crypto market amid broader economic uncertainty.
TREE NEWS update: Amazon Web Services (AWS) announced it will acquire DuckLabs, the company behind the open-source database DuckDB, with the DuckDB team joining AWS’s cloud computing business. This move signals AWS’s commitment to enhancing its data analytics capabilities with DuckDB’s popular embedded SQL engine.
TREE NEWS update: Japanese borrowing costs have reached levels not seen since 1996, with 30-year JGB yields at 4.185%, while Bitcoin surged 22% past $80,000, raising questions about its decoupling from macro pressures. The yen carry trade, a key driver of global risk assets, faces risks if the BOJ raises rates again in September, potentially triggering unwinding and impacting Bitcoin. Analysts debate whether Bitcoin’s resilience is genuine or a prelude to a selloff, with Japanese institutions increasingly adopting crypto.
TREE NEWS reports: Piero Cipollone, an ECB board member, stated that the digital euro will provide a ‘maximum level of privacy,’ with the Eurosystem unable to link individuals to transactions. However, banks handling the transactions would still have access to that information.
TREE NEWS update: The US Personal Consumption Expenditures (PCE) price index rose 3.7% year-on-year in July, indicating persistent inflationary pressures. This data could influence the Federal Reserve’s monetary policy decisions, with potential implications for risk assets including cryptocurrencies.
TREE NEWS reports: The US 10-year Treasury yield remained unchanged at 4.635%, reflecting stable market conditions. This macro indicator may influence investor sentiment across risk assets, including cryptocurrencies.
TREE NEWS reports: The US second-quarter GDP price index was revised to 6.4%, indicating persistent inflationary pressures. This data point may influence the Federal Reserve’s monetary policy decisions, potentially impacting risk assets including cryptocurrencies.
TREE NEWS update: The US personal income increased by 0.4% in July, matching expectations. This data point is part of the latest economic indicators released by the US government.
TREE NEWS reports: The US July PCE price index rose 0.2% month-over-month, surpassing expectations. This key inflation gauge could influence the Federal Reserve’s interest rate decisions.