Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He has worked in conjunction with crypto trading desks both in the identification of opportunities, and evaluation of performance.
He previously spent 6 years publishing research on small cap oil and gas (Exploration and Production) stocks, and believes in using a combination of fundamental, technical, and quantitative analysis. Glenn also holds the Chartered Market Technician (CMT) designation along with the Series 3 (National Commodities Futures) license. He earned a Bachelor of Science from The Pennsylvania State University, along with an MBA in Finance from Temple University.
He owns BTC, ETH, UNI, DOT, MATIC, and AVAX
The two data points may show whether bitcoin moves higher or declines further in the aftermath of the U.S. central bank's 25 basis point rate increase Wednesday.
Tools that track “whale activity” can provide real-time insight into how capital is moving in digital assets such as bitcoin and liquid staked ether and can inform investing decisions.
The proximity of the breach to the upcoming Federal Reser ve rate decision could stymie activity in the short term. BTC is also showing an increasingly inverse relationship to the U.S. dollar ahead of the announcement
The two largest cryptocurrencies have risen 31% and 26%, respectively, even as bank failures, inflation concerns and ETH selling pressure have roiled traditional asset markets.
Bitcoin’s higher low suggests investors in the largest crypto by market value are upbeat, but ether’s increased trading range compared to the previous days may reflect bearish concerns.
The CPI data shows inflation remains problematic. Crypto investors are hoping the U.S. central bank breaks from its monetary hawkishness of the past year.
Investors found comfort in banking and finance regulators’ interventions on behalf of depositors to Silicon Valley and Signature banks, and grew hopeful that the Federal Reserve would not boost interest rates at its next meeting.
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