Consolidation generally ruled the day in bonds and stocks after some big swings in recent sessions. The focus remains on the robust recovery, the rise in inflation, virus spikes and widening distribution of vaccines, and the varying dimensions of all left the markets in limbo.
Traders kept a close eye on volatile cryptocurrencies as China reiterated its commitment to curb mining and trading. Bitcoin was savaged and is currently at $36.5k, after it was hurt in part by China’s crackdown on mining and trading of the largest cryptocurrency as part of ongoing efforts to prevent speculative and financial risks. China’s intensifying efforts to cool raw material prices were also in the mix, as were ongoing inflation concerns, which in turn fuelled lingering taper talk.
Cryptocurrency miners, including HashCow and BTC.TOP, have halted their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny of them. A State Council committee led by Vice Premier Liu He announced the crackdown late on Friday as part of efforts to fend off financial risks. It was the first time the council has targeted virtual currency mining, a big business in China that accounts for as much as 70% of the world’s crypto supply.
Treasuries traded narrowly around unchanged levels with the 10-year yield either side of 1.625%. Wall Street continued to meander in back-and-forth action as investors mulled growth versus value positions. GER30 and UK100 futures are up 0.2% and 0.3% respectively, and US futures are also fractionally higher, after a pretty steady session in Asia.
In FX markets the Yen strengthened and USDJPY dropped back to 108.70, while the Dollar was pretty steady against most other currencies. The EUR and GBP both steadied at 1.2190 and 1.4150. The AUD traded near the lower end of its 5-week range as the country’s central bank is seen lagging global peers in tightening monetary policy despite a strong economic recovery. It is currently at 0.7735. USOIL meanwhile is trading at USD 64.05 per barrel. Today – Whit Monday/Pentecost holidays in parts of the continent will likely weigh on activity. The only key events of the day are Gov. Kuroda and Gov. Bailey speeches.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 83.6% | 28 | $82 044.15 | 3.11% | 19.34% | $1 622 892 837 361 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 76.8% | 43 | $3 194.87 | -0.26% | 29.64% | $384 738 641 649 | ||
3 | USDT | Tether predictions | 96% | 1 | $1.000598 | 0% | 0.13% | $123 460 245 202 | ||
4 | SOL | Solana predictions | 76.4% | 51 | $215.83 | 5.10% | 32.36% | $101 856 034 394 | ||
5 | BNB | Binance Coin predictions | 91.2% | 12 | $626.53 | -1.38% | 11.91% | $90 282 844 126 | ||
6 | DOGE | Dogecoin predictions | 60.4% | 78 | $0.288303 | 20.38% | 85.05% | $42 306 969 572 | ||
7 | USDC | USD Coin predictions | 94.4% | 1 | $0.999713 | -0.02% | -0.03% | $36 955 172 779 | ||
8 | XRP | XRP predictions | 90% | 13 | $0.587003 | 0.07% | 14.56% | $33 382 059 764 | ||
9 | ADA | Cardano predictions | 69.6% | 54 | $0.591951 | -0.01% | 78.05% | $20 729 265 815 | ||
10 | SHIB | SHIBA INU predictions | 57.2% | 94 | $0.000026 | 10.94% | 52.50% | $15 265 601 772 | ||
11 | TRX | TRON predictions | 94% | 1 | $0.165136 | -0.29% | -0.16% | $14 270 034 036 | ||
12 | TON | Toncoin predictions | 87.2% | 23 | $5.33 | -3.24% | 10.10% | $13 559 843 747 | ||
13 | AVAX | Avalanche predictions | 77.2% | 48 | $31.81 | -0.44% | 35.28% | $12 955 099 429 | ||
14 | STETH | Lido stETH predictions | 92.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
15 | WTRX | Wrapped TRON predictions | 90.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |
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