At-a-Glance
Today’s Top Highlights
Markets are seeing a split in buying and selling pressure across asset classes with the equity markets seeing mixed results while Crypto broadly rose on the day. Over the last 2 weeks, the crypto futures markets have seen significant selling pressure with Bitcoin futures falling to near $80,000, which was the lowest level since April of this year. Today, Bitcoin futures traded up near 7% while Ether, SOL, and XRP futures all traded up over 8%. Along with that, the relative strength in Bitcoin futures was at its lowest point since August of 2023 where the price was trading near $25,000.
The equities were led by the Nasdaq today with prices rising near 0.8% on the day with some help from big tech names across the board. Gold and Silver were mixed as well as Gold traded lower while Silver was able to finish the day higher just below its all time high price established in yesterday’s session. There will be some important economic data released tomorrow looking at ADP nonfarm Employment Change and manufacturing data that could add some volatility to the markets for the remainder of the week.
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