🟥🟥A big reason for concern macro-wise is a huge divergence between ES and DowJones 🟥🟥

These usually marks significant shifts in markets

Especially on this grand scale.

$BTC and crypto could feel the macro headwinds in the near term.

I would not disregard btc going sub 60k again.

Take care

#BTC #ETHETFS #BlackRock #Equities #StockMarketUpdates

Crypto Surges Amidst Gold Spike and Equities Dip👀
Crypto prices outperformed on the day, benefitting more from the jump in gold prices than the sell off in equities. On the regulation side, NY Attorney General filed new lawsuits against Gemini Trust and DCG for allegedly defrauding customers to the tune of $1.1bln, focusing on Gemini Earn. Two steps forward, one step back for these beleaguered firms as they battle their way out of a multi-year legislative quagmire.
#GoldPrices #Equities #DCG #BTC #Ethereum

S&P 500 Seasonality suggests a pullback in june.

According to the data from the last 25 years, june has traditionally been one of the weakest month.

There is a high probability we have a major pullback in june. This could reflect on bitcoin and whole of crypto ofc.

If you are deeply in profit it doesn't hurt to take some of the table.

$BTC $ETH $BNB #ETHETFsApproved #S&P500 #StockMarketSuccess #Equities

No token to back EM2024? It should be a transparent tournament. Come on, do not block the chain. PUMP! 😂😂

The era of kettles calling pots black.

#Equities #NFTs #Cryptocurrencies #PSI #CSI

Equities Plummet as Yield Pressures Mount☕
Equities bled across the board with the SPX trading down nearly -1.5%, and Nasdaq -2.5%. Ongoing yield pressures and poor Alphabet results saw the stock falter by the 3rd largest daily drop since the 2004 IPO(!!!). Furthermore, despite blowing past analyst estimates on both sales and user growth and reporting one of the most profitable quarters recently, Meta saw a -5% turnround in the after hours as investors fretted over the CFO's warnings of weaker advertising trends in Q4. We see the abrupt investor reaction over a very solid quarter to be reflective of a strong change in risk sentiment, and we believe that risk assets will be in for a tough ride in the next few weeks ahead.
#Equities #YieldPressures #Alphabet #Meta #StockDrop

Equities Were Weak Due to Higher Interest Rates Concerns☕
Equities were weak across the board as interest rates sensitive and consumer sectors led the way south again on the feared impacts from higher rates. Tesla paced S&P 500 decliners as Musk dialed back expectations citing higher interest rates and consumer hesitation, and admitted that he was "paranoid" about future prospects. Private equity giant Blackstone slid 8% as higher fund rates and tighter credit conditions have led to less deal making and worsening investment returns. Discover Financials sank on higher write-off charges against future loan losses (on higher rates), and Zions Bankcorp reported loan demand and issues with office lending, with the stock cratering by 10% on the day. It does appear that higher funding costs are finally making their way into the underlying real economy.
#Equities #Tesla #Blackstone #FundRates #Macro

Bitcoin has corrected lower due to global equity market drops and outflows from the new ETH ETF. The Nasdaq's sharp fall and Mt.Gox reimbursements are adding pressure, with talks of Genesis Trading liquidating 14,000 BTC. Key levels to watch are $66K and $63K for potential reversals.
#BTC☀ #ETHETFS #Equities #GENESIS