A believer in the efficient-market hypothesis would argue that markets are always right and the price at any given moment reflects all available information. So, calmness across markets as reflected in the indexes is to be trusted.
To a contrarian trader, this synchronized low-volatility environment is precisely the time to prepare for a major hiccup. The tape will prove who's right.
For now, the calm prevails. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's “Crypto Week Ahead.”
Whats trending
- SEC cancels long-awaited proposal of Reg Crypto, postponing meeting without new date (CoinDesk): The SEC was on the verge of revealing its first major rulemaking effort for digital assets, but canceled Fridays “Regulation Crypto” meeting due to a scheduling issue.
- Cluster of headwinds weigh on bitcoin. XRP teeters near $1 (CoinDesk): Bitcoin is under pressure again while XRP (XRP) teeters near $1 amid a cluster of unfriendly developments over the past 24 hours. Regulatory setbacks are leading the charge.
- Treasury yields rise as U.S. threatens Iran with more economic sanctions (CNBC): U.S. Treasury yields rose after the U.S. said its naval blockade of Iranian ports could continue “indefinitely”. The yield on the 10-year bond rose to 4.661%, the two-year to 4.152%, and the 30-year to 5.237%.
- Stocks near record highs; benign US inflation eclipses oil rally (Reuters): Global stocks hovered around record highs, set for a third weekly gain after benign inflation data dented expectations for a U.S. interest-rate increase next month. Faltering talks to end the war in the Middle East sent oil prices higher.