The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 2, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Read MoreCoinDesk
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.
S&P 500 futures
4,080.25
+NaN ? NaN%
FTSE 100
7,544.88
-13.6 ? 0.2%
Treasury Yield 10 Years
3.53%
? 0.2
BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)
Bitcoin was roughly flat at around $17,000 early Friday ahead of the November jobs report due at 8:30 a.m. ET. The U.S. employment report for November is expected to show a sizable slowdown in hiring, but the labor market remains too tight, according to Federal Reserve Chairman Jerome Powell. Ether was climbing ahead of the report, up slightly on the day.
Derivatives marketplace Chicago Mercantile Exchange and cryptocurrency index provider CF Benchmarks this month will introduce reference ratesand real-time indexes for aave (AAVE), curve (CRV) and aynthetix (SNX). The new rates will be calculated and published starting on Dec. 19. They aren’t tradable futures products now.
Binance’s chief strategy officer said the company’s centralized exchange may not exist in 10 years because the crypto market is moving toward decentralized finance. For now, the exchange is trying to keep customers’ trust after the collapse of rival exchange FTX by implementing “proof of reserves,” which is a way to show customers that their assets are fully backed by liquid assets.
The chart shows a renewed uptick in the U.S. consumer inflation expectations tracked by the Conference Board and the University of Michigan.
The data suggests the consumer price index may moderate slower than markets anticipate, delaying the potential Fed pivot away from liquidity tightening.
Risky assets, including cryptocurrencies, have taken a beating this year predominantly because of the Fed’s liquidity tightening.
Read more about
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Bitcoin has surged past the $99,800 mark, setting another all-time high as it inches closer…
Despite heightened expectations for the Bitcoin price to hit the $100,000 milestone, a crypto analyst…
The price of Bitcoin picked up this week from where it left off in the…
A crypto analyst who accurately forecasted the Bitcoin price increase to the $99,000 All-Time High…
On-chain data shows a majority of the Bitcoin supply hasn’t moved in more than two…
Cboe, the derivatives exchange for digital assets and securities trading, is set to make a…