Macro Insights: European CPI reaccelerates, when economists expected a slowdown
E.U. service inflation re-accelerated in February. Historically, Europe tends to lag the U.S by 5-6 months.
James Van Straten 1 min read Macro Insights
Get CryptoSlate’s Macro insights with analysis on global markets, economics, interest rates, and how macro trends shape Bitcoin and the broader crypto sector.
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James Van Straten 1 min read Latest insights
Bitcoin
Wall Street is now pricing in a terminal rate of 5.25-5.50, after hot PCE data, BTC down over 3%
Wall Street is now pricing in another 25 bps hike, in addition to the 50 BPS remaining, taking fed funds rate to 5.25-5.50
Macro
Bitcoin continues to follow the liquidity plus the aggregation of central bank balance sheets
Japan and China central bank balance sheets continue to expand and offset the quantitative tightening by Europe, UK and US.
Macro
Group of Bitcoin holders since 2013 holds more BTC than all exchanges
Last active 10+ years ago Bitcoin holders have a total of over 2.6M BTC vs exchanges holding 2.2M BTC
Macro
Rate cuts potentially off the table for 2023
The fed funds rate is now expected to be higher for a longer time frame in 2023, as no rate cuts are expected
Bitcoin
Vix hits highest level since Jan 6; DXY breaks 104
The VIX breaks 23, DXY goes through 104, while BTC retreats
Macro
Nail in the coffin for 2023 rate cut hopes in light of January inflation report
Last week's US data confirmed the year began on a firm footing in expectations from the market of the future fed policy in February.
Macro
Coinbase leads the pack in crypto equities performance YTD
The prominent cryptocurrency exchange Coinbase leads crypto equities performance — with Coinbase stock price up 142% YTD.
Macro
Deepest inversion since 1981, high probability of recession 2H 2023 or early 2024
Inversion from 3 months to 10 years is double as bad as GFC levels