Range-Bound Crypto Markets Continue amid Fed’s Hawkish Comments

$BTC 24 Hour High $20,3800 / Low $18,820 | $BTC -0.7% Past 24 hours; +1.6% Past 7 days

Crypto markets are still trading range-bound. California regulator targets 11 crypto companies alleging they are either operating a Ponzi scheme or stealing customer funds. Celsius CEO has resigned. Revolut gains regulatory approval to offer crypto services in the UK. Option expiry of Q3 this Friday may bring volatility to the market towards the end of the week.

Equities, Commodities & Macro 

Asia stocks are set to trade lower again today amid hawkish comments from Fed. Natural gas pipelines were wrecked in suspected sabotage. 


Digital Assets Market

  • Total crypto market capitalization stands at $974B, -0.3% from yesterday
  • $BTC is +0.29% at time of writing; 24H liquidations and funding rates: 65.18M, 0.020618%
  • $ETH is +0.32% at time of writing; 24H liquidations and funding rates: 42.76M, 0.017232%
  • Stablecoins market dominance: USDT 45.00%; USDC 32.58%; BUSD 13.94%; DAI 4.27%

Alts and DeFi watch

  • DeFi TVL: $54.48B (-0.02% over last 24 hours)
  • $SOL -4.0% in the last 24 hours, +4.7% in the past week
  • $SHIB -0.1% in the last 24 hours, +6.7% in the past week
  • $ADA -1.8% in the last 24 hours, -0.1% in the past week
  • $ENJ -2.2% in the last 24 hours, -2.8% in the past week

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OSL Trader View is contributed by Hans-Stefan von Haenisch, Ethan Fu, Tiffany Wee, Melvin Gallu, Keith Hwam & Kevin Lee.

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