20 Million Bitcoin
Markets rebounded sharply yesterday, with BTC climbing back above $71K, the S&P 500 closing 0.8% higher, and US 10Y yields falling to 4.10% as macro sentiment improved.
Find out our latest reports, listed below:
Market Snapshot: Overnight Moves
Daily Updates:
Crypto assets and Wall Street equities rebounded yesterday with BTC rallying from $65,000 to now trading above $71,000 and the S&P 500 reversing an intraday loss of 1.5% to finish 0.8% higher.
Oil prices whipsawed significantly, with crude dropping from almost $120 (its highest since 2022) all the way down to $87, while US ten year treasury yields fell from 4.21% to 4.10% as treasuries rallied, ending a five-day selloff.
Demand for optionality in BTC options markets has fallen alongside a drop in realised volatility. 7-day BTC options briefly traded with an implied volatility of 67% over the weekend, and have since dropped 16 percentage points down to 51%. A similar sharp decline in implied vol has taken place in ETH options too, with short-dated IV falling from 80% down to 66%.