MARKET WRAP: $BTC and $ETH have been fluctuating in price. That may change with a catalyst, such as the expected interest rate increase to be announced after this week's FOMC meeting. GWilliamsJr_CMT and _jocelynyang_ report
Ten-year Treasury yield daily close: 3.49%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atTraders will have difficulty pinpointing a price direction for BTC and ETH because both assets appear tied to macroeconomic data and overall appetite for risk. Ether’s most recent catalyst, i.e.
One factor lately for the BTC and ETH prices is the strength — or lack thereof against — of the U.S. dollar, as the dollar index has a strong inverse relationship to bitcoin's price. BTC's price is down approximately 58% year to date but the DXY has risen 15% over the same period., a measure of money supply within the economy, has declined 5% since January, in line with the Federal Reserve’s stance on reducing inflation.
Long positions of larger speculators, denoted in green, dropped sharply on Sept. 13, coinciding with the 10% decline that occurred on that day. Traditionally, the COT report offers an inside look at where institutional investors are allocating capital.
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