Banking
Macro
Bitcoin sinks 3.2% as Fed raises interest rates by 50 basis points
The Fed announces a 50 bps hike, Bitcoin sinks to $17,762 in response to the news.
Research
Research: On-chain Bitcoin metrics show the bottom may not be in
In a follow up to research suggesting the Bitcoin bottom was in, revised data analysis now shows mixed results.
Analysis
Bitcoin outperforms Layer 1s SOL, ETH, DOT, BNB, ATOM in December
Bitcoin surges in price and dominance against everything else as the holiday season approaches.
Bear Market
Total crypto market cap makes 4 week high to $874B following CPI release
Significant capital inflows suggest investor confidence is on the up despite wider macro factors and the FTX saga.
Macro
Bitcoin spikes to $18,000 on better than expected CPI data
The price of Bitcoin jumped to $18,000 on news of better than expected consumer inflation data.
Bear Market
Justin Sun deposits $100 million to Binance amid FUD campaign
TRON founder Justin Sun sends 100 million USDC to Binance as social media warnings about the exchange ramp up.
Research
Research: Bitcoin realized cap vs. market cap reveals shift in safety flight dynamics
Trends in Bitcoin dominance measured in both realized and market caps show users now prefer stablecoins as a safety play.
Exchanges
Paxful to delist Ethereum following push for integrity post-FTX
Bitcoin maximalism ramps up as Ray Youssef says dropping Ethereum is a responsibility Paxful must fulfill regardless of user demand.
Analysis
AI cryptocurrencies post strong performance suggesting burgeoning interest
AI goes mainstream with ChatGPT, crypto AI tokens see surge in price performance.
Research
Research: Bitcoin exchange flows show headstrong belief in face of bad news
Analysis of exchange flows reveal the tendency for Bitcoiners to batten down even during downside events.
Macro
Bitcoin sees minor sell-off in response to worse-than-expected PPI data
Bitcoin sees a minor spill on news that PPI inflation came in at 0.3% for November vs. 0.2% expected.
Crypto
CryptoSlate Daily wMarket Update – Dec. 8: Inflows of roughly $19B bring welcome relief to crypto markets
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.