
Markets Daily Crypto Roundup
Crypto Update | Crypto Meets Politics
Dec 7, 2023
Noelle Acheson, author of Crypto Is Macro Now newsletter, discusses market moves, European economy, and the presence of cryptocurrency in the Republican presidential debate.
10:42
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Quick takeaways
- Crypto market's recent price jumps driven by actual accumulation rather than leverage speculation, indicating a different trend compared to previous jumps.
- European Union likely to see rate cuts before the United States due to weak economy and declining core inflation, although expectations of rate cuts may be unrealistic.
Deep dives
Crypto market moves driven by spot accumulation
Recent price jumps in the crypto market have been driven by actual accumulation rather than leverage speculation, according to CoinDesk's Encargoboli. Key indicators from the derivatives markets, such as implied volatility and futures premiums, are not showing significant gains. This spot-driven rally suggests a different trend compared to similar jumps earlier in the year.
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