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October's Cryptocurrency Landscape: Surge in Bitcoin Prices, Volatility, and Trading Volumes
LTP Research
Table of Content
● Summary of October 2023
● Market Commentary
● News Highlights
● November Volatility
● Appendix
Summary of October 2023
The month of October was characterized by a prevailing "risk-on" sentiment within the realm of cryptocurrency. In this period, there was a noticeable increase in the circulating supply of major stablecoins, amounting to a substantial $842 million. Bitcoin, in particular, showcased remarkable resilience against broader market corrections, achiev
Table of Content
● Summary of October 2023
● Market Commentary
● News Highlights
● November Volatility
● Appendix
Summary of October 2023
The month of October was characterized by a prevailing "risk-on" sentiment within the realm of cryptocurrency. In this period, there was a noticeable increase in the circulating supply of major stablecoins, amounting to a substantial $842 million. Bitcoin, in particular, showcased remarkable resilience against broader market corrections, achiev
US Dollar's Unyielding Rise Thwarts Cryptocurrency Markets: Trading Activity Stagnates
Digital Assets Market Commentary - September
LTP Research
Table of Contents
Summary of September 2023
Market Commentary
News Highlights
October Volatility
Appendix
Summary of September 2023
September experienced a broad-based market correction as the U.S. Dollar Index surged to its 2023 yearly high. The S&P500 depreciated by 5.3%, while the Nasdaq declined by 6.4%. Gold retraced 4.7%. However, Bitcoin stood out performing well, recording a 4% increase in September. The de-correlation between th
LTP Research
Table of Contents
Summary of September 2023
Market Commentary
News Highlights
October Volatility
Appendix
Summary of September 2023
September experienced a broad-based market correction as the U.S. Dollar Index surged to its 2023 yearly high. The S&P500 depreciated by 5.3%, while the Nasdaq declined by 6.4%. Gold retraced 4.7%. However, Bitcoin stood out performing well, recording a 4% increase in September. The de-correlation between th
Fed Paused Rate Hike Again in September, Bitcoin Trading Volume Shifts to BTCFDUSD on Binance
1. Fed Paused in September, Long-dated Treasury Yields Surged
On September 20th, the Federal Reserve announced that it would maintain interest rates at a target range of 5.25% to 5.5%, in line with market expectations. During his postmeeting press conference, Fed Chair Jerome Powell emphasized that the committee is closely monitoring current economic data to determine whether they have achieved their desired monetary policy stance. Powell also noted that inflation excluding volatile food and en
On September 20th, the Federal Reserve announced that it would maintain interest rates at a target range of 5.25% to 5.5%, in line with market expectations. During his postmeeting press conference, Fed Chair Jerome Powell emphasized that the committee is closely monitoring current economic data to determine whether they have achieved their desired monetary policy stance. Powell also noted that inflation excluding volatile food and en
Crypto Market Trails amid Stronger Dollar; Awaits SEC Approval for Bitcoin ETF
Summary of August 2023
In August, broader financial markets experienced corrections amid a strengthening U.S. dollar and weakening risk appetite.The S&P 500 Index registered a 5.1% decline while the NASDAQ Composite Index decreased 7.6%. Additionally, Gold pulled back 4.4% and Bitcoin retraced 11%.
Annual inflation data released in August showed the first notable uptick after a 12-month continual deceleration. Rising energy costs sparked concerns over near-term inflation projections. Investors
In August, broader financial markets experienced corrections amid a strengthening U.S. dollar and weakening risk appetite.The S&P 500 Index registered a 5.1% decline while the NASDAQ Composite Index decreased 7.6%. Additionally, Gold pulled back 4.4% and Bitcoin retraced 11%.
Annual inflation data released in August showed the first notable uptick after a 12-month continual deceleration. Rising energy costs sparked concerns over near-term inflation projections. Investors
Bitcoin Plummeted amid Inflation Fears and Strengthening Dollar: Over $100M in Longs Liquidated
U.S. Long-dated Bond Yields Surged as Inflation Fears Mounted
Long-dated treasury securities have breached 2022 highs, with 10-Year reaching 4.34%, 20-Year reaching 4.45% and 30-Year reaching 4.64% as of 23rd August. The market is pricing in a prolonged and higher interest rate policy, which may trigger further downside in equities and risky assets if the upcoming U.S. Core PCE Price Index release on 31st August indicates a rising inflation situation.
Bitcoin Trailed A Broader Market Downturn
Long-dated treasury securities have breached 2022 highs, with 10-Year reaching 4.34%, 20-Year reaching 4.45% and 30-Year reaching 4.64% as of 23rd August. The market is pricing in a prolonged and higher interest rate policy, which may trigger further downside in equities and risky assets if the upcoming U.S. Core PCE Price Index release on 31st August indicates a rising inflation situation.
Bitcoin Trailed A Broader Market Downturn
Inflation Fears Grow, Bitcoin Remains Stable, Market Saw Increased
Inflation Fears Grow, Bitcoin Remains Stable, Market Saw Increased Trading Activities on Binance Futures New Listings #$YGG #DODO #BNT
Consumer Price Index for July 2023: Year-Over-Year Inflation Rate Experiences First Increase since June 2022, Rising from 3% to 3.299%.
The United States Consumer Price Index for July 2023 has shown a notable uptick in its year-over-year inflation rate, rising to 3.29% from 3% in June 2023. This marks the first increase in the inflation rate after a consecutive
Consumer Price Index for July 2023: Year-Over-Year Inflation Rate Experiences First Increase since June 2022, Rising from 3% to 3.299%.
The United States Consumer Price Index for July 2023 has shown a notable uptick in its year-over-year inflation rate, rising to 3.29% from 3% in June 2023. This marks the first increase in the inflation rate after a consecutive
Cryptocurrency Market Saw Decreased Volatility and Trading Volume in July amid Lack of Catalysts
Summary of July 2023
In July, the trading volume of cryptocurrencies experienced a general decline, with the exception of a significant increase in trading activity in certain cryptocurrencies following the verdict in the Ripple vs SEC Lawsuit in mid-July. There was a shift in commercial trader positioning on the Chicago Mercantile Exchange (CME), where they capitalized on the June rally. Additionally, there was a decrease in the annualized volatility of Bitcoin as trading activities dwindled.
In July, the trading volume of cryptocurrencies experienced a general decline, with the exception of a significant increase in trading activity in certain cryptocurrencies following the verdict in the Ripple vs SEC Lawsuit in mid-July. There was a shift in commercial trader positioning on the Chicago Mercantile Exchange (CME), where they capitalized on the June rally. Additionally, there was a decrease in the annualized volatility of Bitcoin as trading activities dwindled.
Major Cryptos Experienced Low Trading Volume, $LTC Remained Volatile, $BTC Bounced Off Q2 Fair Value
July FOMC
On 26th Jul, 2023, the Fed raised the interest rate by 25bps. Despite inflation showing signs of moderation and dropping to 3% (YOY) in June, Chairman Jerome Powell stated that the process of getting inflation back down to 2 percent has a long way to go.
On the other hand, the Fed continues to reduce its holdings of Treasury securities and agency debt , and agency mortgage-backed securities. After the announcement, CME FedWatch Tool reflects that an additional rate hike is expected
On 26th Jul, 2023, the Fed raised the interest rate by 25bps. Despite inflation showing signs of moderation and dropping to 3% (YOY) in June, Chairman Jerome Powell stated that the process of getting inflation back down to 2 percent has a long way to go.
On the other hand, the Fed continues to reduce its holdings of Treasury securities and agency debt , and agency mortgage-backed securities. After the announcement, CME FedWatch Tool reflects that an additional rate hike is expected
U.S. CPI (YOY) dropped to 3%, traders are anticipating the last rate hike in July
Bullish developments are hovering around cryptocurrencies as U.S. inflation dropped to its lowest level since 2023, and $XRP jumped 100% after winning the SEC lawsuit.
"U.S. CPI (YOY) dropped to 3%, traders are anticipating the last rate hike in July"
On July 12, 2023, the U.S. Consumer Price Index (CPI) (YOY) was released, showing a reading of 3.0%, down from the previous reading of 4%. This drop was attributed to aggressive rate hikes, which have helped to bring inflation closer to the Feder
"U.S. CPI (YOY) dropped to 3%, traders are anticipating the last rate hike in July"
On July 12, 2023, the U.S. Consumer Price Index (CPI) (YOY) was released, showing a reading of 3.0%, down from the previous reading of 4%. This drop was attributed to aggressive rate hikes, which have helped to bring inflation closer to the Feder
Bitcoin rally catalyzed by TradFi adoption, after SEC's lawsuit against Binance.US and Coinbase
June 2023, Part 1 by LTP Research
Summary of June 2023
Macro
In June, the Federal Reserve paused its interest rate hikes for the first time this year and continued reducing its holdings of Treasury securities. However, most of the committee members expected more rate hikes by the end of 2023, delivering a hawkish pause. On the other hand, the European Central Bank (ECB) raised interest rates by 25 basis points.
The US Treasury began funding the Treasury General Account (TGA) after a debt ce
Summary of June 2023
Macro
In June, the Federal Reserve paused its interest rate hikes for the first time this year and continued reducing its holdings of Treasury securities. However, most of the committee members expected more rate hikes by the end of 2023, delivering a hawkish pause. On the other hand, the European Central Bank (ECB) raised interest rates by 25 basis points.
The US Treasury began funding the Treasury General Account (TGA) after a debt ce
In the latter half of June, commercial traders on the CME trading Bitcoin futures closed most of their short positions and aggressively built up long positions upon bullish Bitcoin adoption news in the industry. This shift in sentiment represents the most bullish market sentiment since 2023, with commercial traders' net long positions reaching a yearly high.
Despite this positive bullish sentiment, the SEC has not approved the Spot Bitcoin ETF yet. $BTC being a volatile asset could fluctuate rapidly and unpredictably based on a variety of factors...It's always important to take profits, manage risks and preserve capital because this is a long game.
Despite this positive bullish sentiment, the SEC has not approved the Spot Bitcoin ETF yet. $BTC being a volatile asset could fluctuate rapidly and unpredictably based on a variety of factors...It's always important to take profits, manage risks and preserve capital because this is a long game.
LTP Research Weekly Market Commentary (Jun 19th - 25th, 2023)
BTCUSDT (Spot), BTCTUSD (Spot), Cash/Crypto Margined, Perpetual Futures Open Interest, TUSD Circulating Supply, BTCUSDT-BTCTUSD Premium/Discount, Long/Short Liquidations
1. Last week was a highly bullish week for Bitcoin, as the leading cryptocurrency reached its highest trading level of the year so far, hitting $31,432 on Binance Spot on 23rd June. This surge in price was propelled by the recent filing of the Bitcoin Spot ETF by Blackrock, as Bitcoin entered an upward trajectory with a remark
1. Last week was a highly bullish week for Bitcoin, as the leading cryptocurrency reached its highest trading level of the year so far, hitting $31,432 on Binance Spot on 23rd June. This surge in price was propelled by the recent filing of the Bitcoin Spot ETF by Blackrock, as Bitcoin entered an upward trajectory with a remark
LTP Research Weekly Market Commentry (Jun 12th - 18th, 2023)
「What Happened Last Week?」
Last week was a week of volatility due to FOMC and ECB Interest Rate Decisions.
The following table is a summary of the important economic events:
A summary of the important economic events
Summary:
The latest CPI data suggests that inflation has moderated, with CPI (YOY) dropping to 4% in May. The Federal Reserve decided to maintain the target range for the federal funds rate at 5 to 5-1/4 percent and continue the process of significantly reducing its securitie
Last week was a week of volatility due to FOMC and ECB Interest Rate Decisions.
The following table is a summary of the important economic events:
A summary of the important economic events
Summary:
The latest CPI data suggests that inflation has moderated, with CPI (YOY) dropping to 4% in May. The Federal Reserve decided to maintain the target range for the federal funds rate at 5 to 5-1/4 percent and continue the process of significantly reducing its securitie
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