PBOC Meeting
The People’s Bank of China is having a monetary policy meeting. A key macroeconomic factor currently is the Evergrande debt crisis and over-leveraged property developers in China. Although there is generally a ban on Crypto in China, Asian markets in particular have been concerned with the growing debt crisis in China and reacting strongly to...
Quarterly Derivatives Expiry
The last Friday of the quarter is when the quarterly futures and options contracts expire. These generally have a much higher Open Interest than weekly and bi-weekly expiries and therefore can have a more significant impact on markets.
Evergrande Bond Payment
$255.2m in interest payments is owed by Evergrande group. Our full report on the over-indebted property sector can be found here.
ETF decision
A decision is due on the Bitwise Bitcoin ETP trust ETF. It is a physically backed (spot) ETF and as such could dramatically increase demand for Bitcoin, as currently only futures contract based ETFs have been approved. There have been a string of rejections by the SEC for spot Bitcoin ETFs and it is likely...
ETF decision
*Update* Unfortunately the Greyscale ETF was rejected. An hour after the rejection, Greyscale formally sued the SEC. A decision is due on changing the Greyscale Bitcoin Trust into an ETF. The Greyscale Bitcoin Trust currently has roughly 3.5% of the total Bitcoin supply, so changing it into a physically backed (spot) ETF would see it...
Closed Markets
Markets in Canada and Hong Kong will generally be closed. This includes the Toronto Stock Exchange and the Stock Exchange of Hong Kong. Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead...
Closed Markets
Markets in America will generally be closed. This includes the New York Stock Exchange and NASDAQ. Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which can result in increased...
BoC Meeting
The Bank of Canada is having a monetary policy meeting. For more information on how central bank monetary meetings effect Crypto, click here.
US June CPI Data
The Bureau of Labor Statistics is releasing inflation data for May 2022. This is will have a strong bearing on the actions the Federal Reserve decides to take at its next meeting. If inflation is worse than anticipated or stubbornly high, the FED will be forced to keep aggressively raising rates. More information on inflation,...
Closed Markets
Markets in Japan will generally be closed. This includes the Tokyo Stock Exchange. Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which can result in increased price...
PBOC Meeting
The People’s Bank of China is having a monetary policy meeting. A key macroeconomic factor currently is the Evergrande debt crisis and over-leveraged property developers in China. Although there is generally a ban on Crypto in China, Asian markets in particular have been concerned with the growing debt crisis in China and reacting strongly to...
BoJ Meeting
The Bank of Japan is having a monetary policy meeting. For more information on how central bank monetary meetings effect Crypto, click here.
