Positive Macro Indicators Boosted U.S. Stock Markets, While Cryptocurrencies Lagged

IconCryptoNewsTerminal Staff14 Jun, 2024

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Positive Macro Indicators Boosted U.S. Stock Markets, While Cryptocurrencies Lagged

This week, positive macro data led to outperformance by the U.S. equity market, while crypto markets lagged in comparison. Major cryptocurrencies faced losses, with small-caps experiencing significant drawdowns. Recent markets have seen minimal activity with few noteworthy hot-spots. Bitcoin options markets predict sub-50% IV for major expiries, while Ethereum options markets indicate sub-60% IV. News about a possible approval for a spot ETH ETF is anticipated later this month.

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