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  • bitcoinBitcoin (BTC) $ 63,862.00
  • ethereumEthereum (ETH) $ 3,054.16
  • tetherTether (USDT) $ 0.999781
  • bnbBNB (BNB) $ 556.74
  • solanaSolana (SOL) $ 142.75
  • usd-coinUSDC (USDC) $ 0.999192
  • staked-etherLido Staked Ether (STETH) $ 3,051.50
  • xrpXRP (XRP) $ 0.505937
  • dogecoinDogecoin (DOGE) $ 0.155584
  • the-open-networkToncoin (TON) $ 6.07
  • cardanoCardano (ADA) $ 0.477729
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • avalanche-2Avalanche (AVAX) $ 34.95
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 63,826.00
  • tronTRON (TRX) $ 0.110308
  • bitcoin-cashBitcoin Cash (BCH) $ 475.96
  • polkadotPolkadot (DOT) $ 6.73
  • chainlinkChainlink (LINK) $ 14.00
  • internet-computerInternet Computer (ICP) $ 14.33
  • matic-networkPolygon (MATIC) $ 0.676835
  • litecoinLitecoin (LTC) $ 81.38
  • nearNEAR Protocol (NEAR) $ 5.60
  • uniswapUniswap (UNI) $ 7.57
  • leo-tokenLEO Token (LEO) $ 5.80
  • daiDai (DAI) $ 1.00
  • aptosAptos (APT) $ 9.50
  • ethereum-classicEthereum Classic (ETC) $ 26.23
  • mantleMantle (MNT) $ 1.14
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998935
  • blockstackStacks (STX) $ 2.44
  • filecoinFilecoin (FIL) $ 6.21
  • crypto-com-chainCronos (CRO) $ 0.123806
  • okbOKB (OKB) $ 54.94
  • stellarStellar (XLM) $ 0.112806
  • cosmosCosmos Hub (ATOM) $ 8.22
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,082.59
  • render-tokenRender (RNDR) $ 7.94
  • arbitrumArbitrum (ARB) $ 1.13
  • vechainVeChain (VET) $ 0.040731
  • immutable-xImmutable (IMX) $ 2.03
  • bittensorBittensor (TAO) $ 445.52
  • hedera-hashgraphHedera (HBAR) $ 0.080892
  • dogwifcoindogwifhat (WIF) $ 2.84
  • makerMaker (MKR) $ 2,967.84
  • kaspaKaspa (KAS) $ 0.113628
  • injective-protocolInjective (INJ) $ 27.55
  • the-graphThe Graph (GRT) $ 0.260233
  • ethena-usdeEthena USDe (USDE) $ 0.998367
  • optimismOptimism (OP) $ 2.24
  • wrapped-eethWrapped eETH (WEETH) $ 3,166.61
  • fetch-aiFetch.ai (FET) $ 2.15
  • pepePepe (PEPE) $ 0.000005
  • moneroMonero (XMR) $ 117.16
  • theta-tokenTheta Network (THETA) $ 2.07
  • celestiaCelestia (TIA) $ 11.09
  • fantomFantom (FTM) $ 0.689965
  • arweaveArweave (AR) $ 28.08
  • coredaoorgCore (CORE) $ 2.02
  • thorchainTHORChain (RUNE) $ 5.33
  • lido-daoLido DAO (LDO) $ 2.00
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,374.72
  • bitget-tokenBitget Token (BGB) $ 1.26
  • suiSui (SUI) $ 1.33
  • galaGALA (GALA) $ 0.045086
  • sei-networkSei (SEI) $ 0.560747
  • quant-networkQuant (QNT) $ 105.57
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,139.27
  • beam-2Beam (BEAM) $ 0.027382
  • ethenaEthena (ENA) $ 1.02
  • algorandAlgorand (ALGO) $ 0.176340
  • jupiter-exchange-solanaJupiter (JUP) $ 1.06
  • whitebitWhiteBIT Coin (WBT) $ 9.64
  • flokiFLOKI (FLOKI) $ 0.000140
  • flowFlow (FLOW) $ 0.882959
  • bitcoin-svBitcoin SV (BSV) $ 66.02
  • neoNEO (NEO) $ 18.32
  • aaveAave (AAVE) $ 86.67
  • flare-networksFlare (FLR) $ 0.032763
  • bittorrentBitTorrent (BTT) $ 0.000001
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,056.59
  • dydx-chaindYdX (DYDX) $ 2.29
  • singularitynetSingularityNET (AGIX) $ 0.881710
  • elrond-erd-2MultiversX (EGLD) $ 41.35
  • tokenize-xchangeTokenize Xchange (TKX) $ 13.80
  • ondo-financeOndo (ONDO) $ 0.745151
  • zebec-protocolZebec Protocol (ZBC) $ 0.020971
  • wormholeWormhole (W) $ 0.591880
  • the-sandboxThe Sandbox (SAND) $ 0.447648
  • ecasheCash (XEC) $ 0.000051
  • axie-infinityAxie Infinity (AXS) $ 6.97
  • roninRonin (RON) $ 3.18
  • bonkBonk (BONK) $ 0.000015
  • havvenSynthetix Network (SNX) $ 3.00
  • chilizChiliz (CHZ) $ 0.110294
  • ribbon-financeRibbon Finance (RBN) $ 1.01
  • ordinalsORDI (ORDI) $ 46.42
  • tezosTezos (XTZ) $ 0.992711
  • worldcoin-wldWorldcoin (WLD) $ 4.94
  • conflux-tokenConflux (CFX) $ 0.238472
  • cheeleeCheelee (CHEEL) $ 16.42
  • gatechain-tokenGate (GT) $ 6.92
  • pyth-networkPyth Network (PYTH) $ 0.605801
  • eosEOS (EOS) $ 0.785849
  • gnosisGnosis (GNO) $ 346.62
  • akash-networkAkash Network (AKT) $ 3.87
  • starknetStarknet (STRK) $ 1.22
  • jasmycoinJasmyCoin (JASMY) $ 0.018398
  • mina-protocolMina Protocol (MINA) $ 0.809600
  • msolMarinade staked SOL (MSOL) $ 167.88
  • kucoin-sharesKuCoin (KCS) $ 8.97
  • nervos-networkNervos Network (CKB) $ 0.019342
  • decentralandDecentraland (MANA) $ 0.439153
  • apecoinApeCoin (APE) $ 1.23
  • axelarAxelar (AXL) $ 1.19
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,081.40
  • dexeDeXe (DEXE) $ 12.98
  • iotaIOTA (IOTA) $ 0.227625
  • echelon-primeEchelon Prime (PRIME) $ 19.55
  • kavaKava (KAVA) $ 0.673698
  • dydxdYdX (ETHDYDX) $ 2.29
  • usddUSDD (USDD) $ 0.976981
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.80
  • aerodrome-financeAerodrome Finance (AERO) $ 1.67
  • nexoNEXO (NEXO) $ 1.22
  • klay-tokenKlaytn (KLAY) $ 0.187598
  • frax-etherFrax Ether (FRXETH) $ 3,045.77
  • oasis-networkOasis Network (ROSE) $ 0.099420
  • dymensionDymension (DYM) $ 4.03
  • aioz-networkAIOZ Network (AIOZ) $ 0.611934
  • lido-staked-solLido Staked SOL (STSOL) $ 167.48
  • heliumHelium (HNT) $ 3.99
  • fraxFrax (FRAX) $ 0.997030
  • swethSwell Ethereum (SWETH) $ 3,205.75
  • bitcoin-goldBitcoin Gold (BTG) $ 35.70
  • blurBlur (BLUR) $ 0.394919
  • corgiaiCorgiAI (CORGIAI) $ 0.001779
  • illuviumIlluvium (ILV) $ 95.23
  • osmosisOsmosis (OSMO) $ 0.923282
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000028
  • astarAstar (ASTR) $ 0.105409
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000101
  • tether-goldTether Gold (XAUT) $ 2,391.79
  • book-of-memeBOOK OF MEME (BOME) $ 0.010496
  • mantra-daoMANTRA (OM) $ 0.700603
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,254.49
  • theta-fuelTheta Fuel (TFUEL) $ 0.086588
  • pendlePendle (PENDLE) $ 5.79
  • radixRadix (XRD) $ 0.053335
  • fasttokenFasttoken (FTN) $ 1.78
  • woo-networkWOO (WOO) $ 0.295815
  • xdce-crowd-saleXDC Network (XDC) $ 0.039165
  • ocean-protocolOcean Protocol (OCEAN) $ 0.882566
  • based-brettBrett (BRETT) $ 0.062247
  • mx-tokenMX (MX) $ 5.33
  • wemix-tokenWEMIX (WEMIX) $ 1.47
  • iotexIoTeX (IOTX) $ 0.055088
  • curve-dao-tokenCurve DAO (CRV) $ 0.434322
  • true-usdTrueUSD (TUSD) $ 0.999405
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,303.50
  • altlayerAltLayer (ALT) $ 0.393308
  • pups-ordinalsPUPS (Ordinals) (PUPS) $ 62.96
  • enjincoinEnjin Coin (ENJ) $ 0.334986
  • 1inch1inch (1INCH) $ 0.415592
  • skaleSKALE (SKL) $ 0.092439
  • ankrAnkr Network (ANKR) $ 0.046869
  • polymeshPolymesh (POLYX) $ 0.449332
  • manta-networkManta Network (MANTA) $ 1.86
  • stepnGMT (GMT) $ 0.238933
  • jeo-bodenJeo Boden (BODEN) $ 0.667537
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.11
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.005155
  • zilliqaZilliqa (ZIL) $ 0.025051
  • superfarmSuperVerse (SUPER) $ 1.01
  • apenftAPENFT (NFT) $ 0.00000046
  • 0x0x Protocol (ZRX) $ 0.523213
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.08
  • pax-goldPAX Gold (PAXG) $ 2,396.60
  • memecoin-2Memecoin (MEME) $ 0.026265
  • rocket-poolRocket Pool (RPL) $ 21.34
  • celoCelo (CELO) $ 0.806043
  • degen-baseDegen (Base) (DEGEN) $ 0.034154
  • jito-governance-tokenJito (JTO) $ 3.66
  • ethereum-pow-iouEthereumPoW (ETHW) $ 3.96
  • qtumQtum (QTUM) $ 4.05
  • ravencoinRavencoin (RVN) $ 0.030955
  • ether-fiEther.fi (ETHFI) $ 3.67
  • livepeerLivepeer (LPT) $ 13.24
  • terra-luna-2Terra (LUNA) $ 0.606617
  • holotokenHolo (HOT) $ 0.002350
  • amp-tokenAmp (AMP) $ 0.007423
  • compound-wrapped-btccWBTC (CWBTC) $ 1,284.23
  • raydiumRaydium (RAY) $ 1.57
  • aelfaelf (ELF) $ 0.557847
  • siacoinSiacoin (SC) $ 0.007018
  • frax-shareFrax Share (FXS) $ 5.03
  • biconomyBiconomy (BICO) $ 0.516799
  • project-galaxyGalxe (GAL) $ 3.66
  • safepalSafePal (SFP) $ 0.825065
  • saga-2Saga (SAGA) $ 4.20
  • compound-governance-tokenCompound (COMP) $ 55.26
  • origintrailOriginTrail (TRAC) $ 0.933329
  • golemGolem (GLM) $ 0.374392
  • stader-ethxStader ETHx (ETHX) $ 3,130.63
  • basic-attention-tokenBasic Attention (BAT) $ 0.249569
  • casper-networkCasper Network (CSPR) $ 0.031024
  • centrifugeCentrifuge (CFG) $ 0.749068
  • arkhamArkham (ARKM) $ 1.73
  • gasGas (GAS) $ 5.48
  • metis-tokenMetis (METIS) $ 62.50
  • ontologyOntology (ONT) $ 0.386244
  • dashDash (DASH) $ 29.73
  • nosanaNosana (NOS) $ 4.15
  • space-idSPACE ID (ID) $ 0.797133
  • decredDecred (DCR) $ 21.27
  • threshold-network-tokenThreshold Network (T) $ 0.035002
  • zcashZcash (ZEC) $ 22.50
  • nemNEM (XEM) $ 0.037354
  • rollbit-coinRollbit Coin (RLB) $ 0.120305
  • mask-networkMask Network (MASK) $ 3.45
  • compound-ethercETH (CETH) $ 61.48
  • aragonAragon (ANT) $ 8.17
  • pixelsPixels (PIXEL) $ 0.422452
  • loopringLoopring (LRC) $ 0.255074
  • zelcashFlux (FLUX) $ 0.918095
  • chiaChia (XCH) $ 30.72
  • desoDecentralized Social (DESO) $ 28.96
  • reserve-rights-tokenReserve Rights (RSR) $ 0.005912
  • zetachainZetaChain (ZETA) $ 1.23
  • justJUST (JST) $ 0.032562
  • kusamaKusama (KSM) $ 31.48
  • yield-guild-gamesYield Guild Games (YGG) $ 0.877801
  • api3API3 (API3) $ 2.38
  • vethor-tokenVeThor (VTHO) $ 0.003632
  • gmxGMX (GMX) $ 28.67
  • wrapped-centrifugeWrapped Centrifuge (WCFG) $ 0.751471
  • moonbeamMoonbeam (GLMR) $ 0.312118
  • ssv-networkSSV Network (SSV) $ 37.88
  • omni-networkOmni Network (OMNI) $ 25.44
  • chex-tokenCHEX Token (CHEX) $ 0.263218
  • goldfinchGoldfinch (GFI) $ 3.67
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 39.86
  • pocket-networkPocket Network (POKT) $ 0.159072
  • nxmNexus Mutual (NXM) $ 62.64
  • harmonyHarmony (ONE) $ 0.020653
  • osaka-protocolOsaka Protocol (OSAK) $ 0.00000033
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • coin98Coin98 (C98) $ 0.283692
  • rss3RSS3 (RSS3) $ 0.373392
  • chromawayChromia (CHR) $ 0.309098
  • liskLisk (LSK) $ 1.74
  • oec-tokenOKT Chain (OKT) $ 14.01
  • paal-aiPAAL AI (PAAL) $ 0.387573
  • wavesWaves (WAVES) $ 2.50
  • ongOntology Gas (ONG) $ 0.666047
  • aleph-zeroAleph Zero (AZERO) $ 0.801353
  • beldexBeldex (BDX) $ 0.038767
  • 0x0-ai-ai-smart-contract0x0.ai: AI Smart Contract (0X0) $ 0.276633
  • dao-makerDAO Maker (DAO) $ 1.05
  • wilder-worldWilder World (WILD) $ 0.871274
  • pay-coinPaycoin (PCI) $ 0.242305
  • kadenaKadena (KDA) $ 0.884004
  • telcoinTelcoin (TEL) $ 0.003078
  • alexgoALEX Lab (ALEX) $ 0.335664
  • tensetTenset (10SET) $ 1.41
  • kujiraKujira (KUJI) $ 1.92
  • creditcoin-2Creditcoin (CTC) $ 0.703071
  • yearn-financeyearn.finance (YFI) $ 6,978.92
  • iconICON (ICX) $ 0.233459
  • waxWAX (WAXP) $ 0.067122
  • audiusAudius (AUDIO) $ 0.185760
  • magaMAGA (TRUMP) $ 4.85
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,163.98
  • arcblockArcblock (ABT) $ 2.26
  • lcxLCX (LCX) $ 0.287820
  • digibyteDigiByte (DGB) $ 0.012823
  • tribe-2Tribe (TRIBE) $ 0.481951
  • slerfSlerf (SLERF) $ 0.435574
  • balancerBalancer (BAL) $ 3.88
  • vanar-chainVanar Chain (VANRY) $ 0.154820
  • umaUMA (UMA) $ 2.69
  • band-protocolBand Protocol (BAND) $ 1.50
  • propyPropy (PRO) $ 3.63
  • convex-financeConvex Finance (CVX) $ 2.54
  • bitcoin-avalanche-bridged-btc-bBitcoin Avalanche Bridged (BTC.b) (BTC.B) $ 63,740.00
  • mog-coinMog Coin (MOG) $ 0.00000053
  • rif-tokenRSK Infrastructure Framework (RIF) $ 0.206496
  • swipeSXP (SXP) $ 0.341693
  • swissborgSwissBorg (BORG) $ 0.208458
  • ampleforthAmpleforth (AMPL) $ 1.04
  • olympusOlympus (OHM) $ 12.49
  • synapse-2Synapse (SYN) $ 1.07
  • linkFINSCHIA (FNSA) $ 26.27
  • neutron-3Neutron (NTRN) $ 0.724435
  • paypal-usdPayPal USD (PYUSD) $ 0.997764
  • magicMagic (MAGIC) $ 0.789049
  • syscoinSyscoin (SYS) $ 0.260097
  • iexec-rlciExec RLC (RLC) $ 2.73
  • the-doge-nftThe Doge NFT (DOG) $ 0.013064
  • marlinMarlin (POND) $ 0.024208
  • alephiumAlephium (ALPH) $ 2.89
  • delysiumDelysium (AGI) $ 0.256459
  • bloxBlox (CDT) $ 0.330493
  • xai-blockchainXai (XAI) $ 0.700492
  • guildfiGuildFi (GF) $ 0.334114
  • strideStride (STRD) $ 2.16
  • airtor-protocolAirTor Protocol (ATOR) $ 2.65
  • tbtctBTC (TBTC) $ 63,665.00
  • pundi-x-2Pundi X (PUNDIX) $ 0.716838
  • world-mobile-tokenWorld Mobile Token (WMT) $ 0.328483
  • helium-mobileHelium Mobile (MOBILE) $ 0.002103
  • sushiSushi (SUSHI) $ 0.949236
  • cotiCOTI (COTI) $ 0.115468
  • vvs-financeVVS Finance (VVS) $ 0.000004
  • prometeusProm (PROM) $ 9.89
  • seedify-fundSeedify.fund (SFUND) $ 2.85
  • joeJOE (JOE) $ 0.524406
  • iostokenIOST (IOST) $ 0.009535
  • dusk-networkDusk (DUSK) $ 0.385234
  • coq-inuCoq Inu (COQ) $ 0.000003
  • bitkub-coinBitkub Coin (KUB) $ 1.99
  • oraichain-tokenOraichain (ORAI) $ 11.05
  • wen-4Wen ($WEN) $ 0.000237
  • bluzelleBluzelle (BLZ) $ 0.399961
  • multibitMultibit (MUBI) $ 0.181595
  • genesysgo-shadowShadow Token (SHDW) $ 1.06
  • smooth-love-potionSmooth Love Potion (SLP) $ 0.004095
  • portal-2Portal (PORTAL) $ 1.01
  • orbsOrbs (ORBS) $ 0.039178
  • aevo-exchangeAevo (AEVO) $ 1.52
  • boraBORA (BORA) $ 0.158762
  • ecomiECOMI (OMI) $ 0.000611
  • humans-aiHumans.ai (HEART) $ 0.029728
  • noia-networkSyntropy (NOIA) $ 0.206031
  • alchemix-usdAlchemix USD (ALUSD) $ 0.986439
  • bone-shibaswapBone ShibaSwap (BONE) $ 0.664198
  • toshiToshi (TOSHI) $ 0.000394
  • alchemy-payAlchemy Pay (ACH) $ 0.032982
  • bitcoin-wizardsBitcoin Wizards (WZRD) $ 7.91
  • crown-by-third-time-gamesCrown by Third Time Games (CROWN) $ 1.02
  • venusVenus (XVS) $ 10.37
  • virtual-protocolVirtual Protocol (VIRTUAL) $ 0.162796
  • unizenUnizen (ZCX) $ 0.234184
  • stratisStratis (STRAX) $ 0.084979
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 14.68
  • guild-of-guardiansGuild of Guardians (GOG) $ 0.282499
  • cartesiCartesi (CTSI) $ 0.202698
  • numeraireNumeraire (NMR) $ 25.31
  • h2o-daoH2O Dao (H2O) $ 0.198009
  • everipediaIQ (IQ) $ 0.008719
  • escoin-tokenEscoin (ELG) $ 1.12
  • nodeaiNodeAI (GPU) $ 1.61
  • terrausdTerraClassicUSD (USTC) $ 0.017422
  • myroMyro ($MYRO) $ 0.155443
  • edu-coinOpen Campus (EDU) $ 0.591594
  • boba-networkBoba Network (BOBA) $ 0.406154
  • songbirdSongbird (SGB) $ 0.010408
  • celer-networkCeler Network (CELR) $ 0.026889
  • statusStatus (SNT) $ 0.038406
  • power-ledgerPowerledger (POWR) $ 0.293917
  • popcatPopcat (POPCAT) $ 0.153735
  • big-timeBig Time (BIGTIME) $ 0.182752
  • milady-meme-coinMilady Meme Coin (LADYS) $ 0.00000017
  • tokenfiTokenFi (TOKEN) $ 0.106391
  • gxchainGXChain (GXC) $ 1.97
  • smardexSmarDex (SDEX) $ 0.017773
  • entangleEntangle (NGL) $ 1.20
  • opsecOpSec (OPSEC) $ 1.51
  • nanoNano (XNO) $ 1.07
  • tellorTellor Tributes (TRB) $ 55.12
  • gmt-tokenGomining Token (GMT) $ 0.334107
  • autonolasAutonolas (OLAS) $ 3.23
  • pundi-xPundi X [OLD] (NPXS) $ 0.000595
  • tectumTectum (TET) $ 19.15
  • telosTelos (TLOS) $ 0.335770
  • hiveHive (HIVE) $ 0.323531
  • dora-factory-2Dora Factory (DORA) $ 0.136842
  • hooked-protocolHooked Protocol (HOOK) $ 0.944385
  • insureinSure DeFi (SURE) $ 0.005169
  • origin-etherOrigin Ether (OETH) $ 3,044.44
  • huobi-btcHuobi BTC (HBTC) $ 15,131.37
  • hivemapperHivemapper (HONEY) $ 0.103608
  • arkARK (ARK) $ 0.745463
  • paxos-standardPax Dollar (USDP) $ 1.00
  • metars-genesisMetars Genesis (MRS) $ 1.60
  • victoria-vrVictoria VR (VR) $ 0.020945
  • allianceblock-nexeraAllianceBlock Nexera (NXRA) $ 0.168985
  • sun-tokenSun Token (SUN) $ 0.013602
  • civicCivic (CVC) $ 0.165150
  • constellation-labsConstellation (DAG) $ 0.044314
  • stasis-eursSTASIS EURO (EURS) $ 1.07
  • dioneDione (DIONE) $ 0.013943
  • btse-tokenBTSE Token (BTSE) $ 0.809000
  • zencashHorizen (ZEN) $ 8.76
  • covalentCovalent (CQT) $ 0.202826
  • dentDent (DENT) $ 0.001343
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.025195
  • hashaiHashAI (HASHAI) $ 0.001414
  • mass-vehicle-ledgerMVL (MVL) $ 0.005115
  • truefiTrueFi (TRU) $ 0.112751
  • l7dexL7DEX (LSD) $ 2.67
  • nymNym (NYM) $ 0.176015
  • zignalyZignaly (ZIG) $ 0.088432
  • spell-tokenSpell (SPELL) $ 0.000882
  • ultimaUltima (ULTIMA) $ 4,606.02
  • aurora-nearAurora (AURORA) $ 0.279689
  • phaPhala (PHA) $ 0.194390
  • mapleMaple (MPL) $ 15.74
  • sovrynSovryn (SOV) $ 2.07
  • gearboxGearbox (GEAR) $ 0.023473
  • cudosCudos (CUDOS) $ 0.017527
  • hashflowHashflow (HFT) $ 0.311015
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.03
  • dkargodKargo (DKA) $ 0.032717
  • gains-networkGains Network (GNS) $ 3.57
  • solidus-aitechSolidus Ai Tech (AITECH) $ 0.219429
  • sleepless-aiSleepless AI (AI) $ 0.930812
  • secretSecret (SCRT) $ 0.445370
  • xyo-networkXYO Network (XYO) $ 0.008688
  • steemSteem (STEEM) $ 0.261237
  • bitmart-tokenBitMart (BMX) $ 0.353117
  • tensorTensor (TNSR) $ 0.953589
  • vulcan-forgedVulcan Forged (PYR) $ 4.95
  • apex-token-2ApeX (APEX) $ 2.58
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US Federal Reserve is making some analysts bullish on Bitcoin again

0 48

Recent U.S. economic data could spoil the Fed’s hawkish plans for 2022.

Signs of a steady Bitcoin (BTC) price recovery emerged earlier this week as investors shifted away from the United States dollar on weaker-than-expected economic data.

In detail, Bitcoin’s drop last week to below $33,000 was met with a healthy buying sentiment that pushed its per-token rate to as high as $39,300 on Feb. 1. As of Thursday, BTC’s price dipped below $37,000 but was still up 13% from its local bottom.

Meanwhile, the U.S. dollar index (DXY), which measures the greenback’s strength against a basket of top foreign currencies, rose to 97.441 last Friday, logging its best level since July 2020. However, the index had corrected by nearly 1.50% to over 96.00 by Feb. 3.

DXY vs. BTC/USD daily price chart. Source: TradingView

Some market analysts saw the dollar’s renewed weakness as a sign of waning rate hike fears.

For instance, Lyn Alden, founder of Lyn Alden Investment Strategy, tweeted that the U.S. Federal Reserve “reached a fever height last week in terms of making more and more aggressive tightening scenarios,” noting that the central bank may turn dovish as “economic deceleration/weak PMI data takes center stage.”

U.S. factory activity, employment drops

Alden cited the U.S. manufacturing growth, which, according to data released on Tuesday, dropped for the third month in a row in January 2022. Notably, the Institute for Supply Management’s gauge of factory activity reached 57.60, its worst level since November 2020, compared to 58.80 a month earlier.

U.S. manufacturing growth data. Source: ISM, Bloomberg

Additionally, the ADP Research Institute data released Wednesday also showed cracks in the ongoing U.S. economic recovery, revealing that employment across regional companies fell by 301,000 in December 2021, the highest since the early days of the COVID-19 pandemic.

The lower-than-anticipated data came a week after Fed Chair Jerome Powell’s press conference. He raised speculations about raising interest rates three times in 2022 to tame the rising U.S. inflation.

Powell’s hawkish turn pushed the price of Bitcoin down as the U.S. dollar strengthened.

Currently, U.S. rate futures hint at four to five rate hikes in 2022. James Bullard, president of the Fed’s St. Louis branch, further stoked the “tightening” fears, stating earlier this week that five rises were “not too bad a bet.”

Nonetheless, his hawkish comments coincided with a recovery rally in the Bitcoin market as the dollar pared gains, prompting Alden and other analysts to say that the market may have overreacted to Powell’s tightening outlook. 

Fed officials now cautiously hawkish

One of the primary catalysts behind the Fed’s rate hike plans was a steady recovery in the U.S. jobs market. But with lesser-than-expected ADP readings, the central bank could backtrack on its tightening plans. 

“They have moved from nearly all talk and little action to 100% hot air,” noted Preston Pysh, founder of the Pylon Holding Company.

Related: US crypto executive order looms — 5 things to watch in Bitcoin this week

Some Fed officials have also noted that the central bank might not go ahead with rate hikes as aggressively as anticipated.

For instance, Kansas City Fed President Esther George said “unexpected adjustments” would not be in anybody’s interest. Similarly, San Francisco Fed chief Mary Daly also cautioned against tightening too quickly. 

Currently, the Chicago Mercantile Exchange’s Fed Watch Tool predicts a 94.40% possibility of a 25 basis points rate hike in March 2022. But whether there would be back-to-back increases for the rest of 2022 remains unclear. 

“They will hike, but not as much as the forward curve implies,” wrote Teddy Vallee, founder of Pervalle Global — a New York-based hedge fund — adding:

“Digital asset space pricing in worst case.”

As a result, the very narrative that pushed Bitcoin’s price to new multi-month lows last week appears to be showing cracks.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Source: cointelegraph.com

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