Crypto Daybook Americas:

Bitcoin’s price volatility is being driven by macroeconomic factors, with the cryptocurrency holding steady above $80,000. However, there is a risk-off sentiment in the market as bitcoin’s dominance has surged to 62%, while the ether-to-bitcoin ratio indicates that ETH is underperforming.

One significant development is the news from Canada, where newly appointed Prime Minister Mark Carney has filed to sell U.S. dollar bonds. Canada is the sixth-largest holder of U.S. Treasuries, with $379 billion in holdings as of the end of 2024. If the sale proceeds, it could put upward pressure on yields, contrary to what the U.S. administration desires.

The Treasury yield narrative is crucial as $9 trillion worth of U.S. debt is set to mature or require refinancing this year. The U.S. administration aims to bring down Treasury yields, but the sale of U.S. dollar bonds by Canada could complicate this goal.

In the midst of these macroeconomic developments, market attention is turning to the Consumer Price Index (CPI) report scheduled for release today. Risk-asset bulls are hoping for a softer inflation print, as the S&P 500 hovers around correction territory. A hotter-than-expected inflation report could lead to further downside for risk assets.

In the crypto space, several significant events are on the horizon, including the release of consumer price inflation data from Brazil, the U.S., and Russia. The Bank of Canada is also set to announce its interest rate decision, which could have implications for the broader market.

Additionally, upcoming earnings reports from companies like TeraWulf, Bit Digital, and Galaxy Digital Holdings are expected to provide insights into the financial performance of these crypto-related firms.

Token events, governance votes, and token listings are also on the agenda, with several tokens unlocking circulating supply and new listings on exchanges like Binance.

Overall, the market is navigating through a mix of macroeconomic factors, geopolitical tensions, and key data releases that could impact both traditional and crypto markets. Investors are advised to stay alert and monitor developments closely to make informed decisions in this dynamic environment. ET Tuesday saw a mixed bag of performances in the cryptocurrency market.

Firstly, Ethereum (ETH) was trading at $1,892.41, down 2.6% from the previous day. Despite the dip, the coin remained a strong contender in the market.

On the other hand, Ether (ET) was on the rise, trading at $82,577.14, marking a 0.87% increase in the past 24 hours. This positive movement indicated a potential uptrend for the coin.

CoinDesk 20, a comprehensive index of the top 20 cryptocurrencies, was down by 1% at 2,556.70, with a 0.52% increase over the previous day.

In other news, the Ether CESR Composite Staking Rate saw a significant uptick of 32 bps, reaching 3.43%. This increase in staking rates could attract more investors to the platform.

Meanwhile, the Bitcoin (BTC) funding rate on Binance stood at 0.007%, translating to an annualized rate of 2.54%. This rate indicated the cost of holding long positions on the exchange.

Moving on to traditional markets, the DXY, which tracks the US dollar against a basket of currencies, was down by 0.31% at 103.52. Gold remained unchanged at $2,914.29 per ounce, while silver saw a rise of 0.69% at $33.01 per ounce.

In global stock markets, the Nikkei 225 closed unchanged at 36,819.09, while the Hang Seng closed down by 0.76% at 23,600.31. The FTSE was up by 0.43% at 8,532.17, and the Euro Stoxx 50 saw a 1.19% increase, closing at 5,373.08.

In the US, major indices closed in the red on Tuesday, with the DJIA down by 1.14% at 41,433.48, the S&P 500 down by 0.76% at 5,572.07, and the Nasdaq down by 0.18% at 17,436.10. The S&P/TSX Composite Index in Canada closed with a 0.54% decrease at 24,248.20, while the S&P 40 Latin America Index closed with a 0.44% increase at 2,307.52.

In the bond market, the US 10-year Treasury rate remained unchanged at 4.28%. E-mini S&P 500 futures saw a 0.54% increase at 5,607.25, E-mini Nasdaq-100 futures were up by 0.67% at 19,529.25, and E-mini Dow Jones Industrial Average Index futures saw a 0.37% increase at 41,627.00.

Bitcoin stats for the day showed that BTC dominance stood at 62.13, down by 0.16%. The Ethereum to Bitcoin ratio was at 0.02290, marking a 0.06% decrease. The hashrate, calculated as a seven-day moving average, was reported at 815 EH/s, while the hashprice was at $46.1. Total fees amounted to 6.03 BTC or $490,764, and the CME Futures Open Interest stood at 142,725 BTC. BTC priced in gold was at 28.3 oz, and the BTC vs gold market cap ratio was 8.04%.

In technical analysis, the dollar index broke below the 61.8% Fibonacci retracement support, signaling a potential downward trend. A soft US CPI release could push the index further down to the 78.6% retracement support at 102.31. A weaker dollar could benefit risk assets like BTC.

Crypto equities saw mixed performances, with Strategy (MSTR) closing at $260.59, up by 8.91%, Coinbase Global (COIN) closing at $191.69, up by 6.95%, and Galaxy Digital Holdings (GLXY) closing at C$17.27, down by 1.09%. Other notable equities included MARA Holdings (MARA), Riot Platforms (RIOT), Core Scientific (CORZ), CleanSpark (CLSK), CoinShares Valkyrie Bitcoin Miners ETF (WGMI), Semler Scientific (SMLR), and Exodus Movement (EXOD).

In ETF flows, spot BTC ETFs saw a daily net outflow of -$371 million, with cumulative net flows amounting to $35.47 billion. Total BTC holdings were estimated at around 1,121 million. Spot ETH ETFs saw a daily net outflow of -$21.6 million, with cumulative net flows totaling $2.66 billion and total ETH holdings at approximately 3.571 million.

Overnight flows in the crypto market were marked by various developments, including the House overturning the Biden administration’s DeFi broker rule, TRON emerging as the highest revenue chain over the past 7 days, Bitwise launching an ETF tracking public firms with over 1,000 BTC, the SEC delaying decisions on altcoin ETF filings, and a big name entering the XRP ETF race.

Overall, the cryptocurrency market remained dynamic and volatile, with various factors influencing prices and market movements. Investors were advised to stay informed and cautious while navigating these fluctuations. The COVID-19 pandemic has undoubtedly changed the way we live our lives. From wearing masks in public to practicing social distancing, the virus has forced us to adapt to a new normal. One of the most significant changes brought on by the pandemic is the shift to remote work.

Remote work, also known as telecommuting, has become increasingly popular as companies look for ways to keep their employees safe while continuing to operate during these uncertain times. With the rise of technology, working from home has become easier than ever before. Video conferencing tools such as Zoom and Microsoft Teams have made it possible for teams to collaborate and communicate effectively, even when miles apart.

While remote work offers many benefits, such as flexibility and convenience, it also comes with its challenges. One of the biggest challenges of working from home is maintaining a work-life balance. Without the clear boundaries of a traditional office setting, it can be difficult to switch off from work and relax at the end of the day.

Another challenge of remote work is the lack of social interaction. Working from home can be isolating, especially for those who thrive on the energy and camaraderie of an office environment. Building relationships and fostering a sense of team spirit can be more challenging when everyone is working remotely.

Despite these challenges, remote work is here to stay. Many companies have embraced the benefits of telecommuting and are planning to make it a permanent part of their operations even after the pandemic is over. This shift towards remote work has also opened up new opportunities for individuals who may not have been able to work in a traditional office setting due to disabilities or caregiving responsibilities.

As we navigate this new era of remote work, it is important for companies to prioritize the well-being of their employees. Providing support and resources for maintaining a healthy work-life balance, fostering a sense of community through virtual team-building activities, and investing in technology to facilitate seamless communication are all crucial steps in ensuring the success of remote work arrangements.

In conclusion, the COVID-19 pandemic has accelerated the shift towards remote work, transforming the way we work and interact with our colleagues. While there are challenges to overcome, the benefits of telecommuting are undeniable. By embracing this new way of working and adapting to the changing landscape of the workplace, we can create a more inclusive and flexible work environment for all. The Impact of Social Media on Mental Health

Social media has become an integral part of our daily lives, allowing us to connect with friends and family, share our thoughts and experiences, and stay informed about current events. However, the impact of social media on mental health has been a topic of increasing concern in recent years.

One of the main ways in which social media can negatively affect mental health is through comparison. When we scroll through our feeds and see carefully curated posts of people living seemingly perfect lives, it can create feelings of inadequacy and low self-esteem. This can lead to increased levels of anxiety and depression, as we constantly compare ourselves to others and feel like we are not measuring up.

Another issue with social media is the constant need for validation and approval. The “likes” and comments we receive on our posts can become a measure of our self-worth, leading to a cycle of seeking validation through social media and feeling disappointed when we don’t receive it. This can also contribute to feelings of anxiety and depression, as we become dependent on external validation for our sense of self-worth.

Social media can also have a negative impact on our sleep patterns and overall well-being. The blue light emitted by screens can disrupt our circadian rhythms and make it difficult to fall asleep, leading to poor quality sleep and fatigue. Additionally, spending excessive amounts of time on social media can take away from other activities that are important for our mental health, such as exercise, socializing in person, and engaging in hobbies.

Despite these negative effects, social media can also have some positive impacts on mental health. It can provide a sense of connection and support for those who may feel isolated or alone. It can also be a valuable tool for spreading awareness about mental health issues and connecting with resources and support.

In order to mitigate the negative impacts of social media on mental health, it is important to practice mindfulness and set boundaries for our social media use. This can include limiting the amount of time spent on social media, unfollowing accounts that make us feel bad about ourselves, and engaging in activities that promote mental well-being, such as exercise and spending time with loved ones.

Overall, the impact of social media on mental health is complex and multifaceted. While it can have negative effects such as comparison, validation-seeking, and sleep disruption, it can also provide a sense of connection and support. By being mindful of our social media use and setting boundaries, we can mitigate the negative effects and harness the positive aspects of social media for our mental well-being. The Benefits of Yoga for Mental Health

Yoga is a practice that has been around for centuries, originating in ancient India. While it is often associated with physical fitness, yoga also has numerous mental health benefits that can help individuals cope with stress, anxiety, and depression. In recent years, research has shown that practicing yoga regularly can have a positive impact on mental well-being, making it an important tool for maintaining overall health and happiness.

One of the main benefits of yoga for mental health is its ability to reduce stress and anxiety. The practice of yoga involves deep breathing, mindfulness, and physical movement, all of which can help calm the mind and body. By focusing on the present moment and connecting with the breath, individuals can learn to let go of worries and fears, leading to a sense of relaxation and peace.

In addition to reducing stress, yoga can also help improve mood and alleviate symptoms of depression. Studies have shown that practicing yoga can increase levels of serotonin, a neurotransmitter that plays a key role in regulating mood. By boosting serotonin levels, yoga can help individuals feel happier and more content, even in the face of life’s challenges.

Yoga can also be a powerful tool for building resilience and coping with difficult emotions. Through the practice of yoga, individuals can learn to sit with uncomfortable feelings and sensations without reacting impulsively. By cultivating a sense of calm and equanimity, individuals can develop greater emotional stability and the ability to navigate life’s ups and downs with grace and ease.

Furthermore, yoga can help improve self-awareness and self-compassion. By tuning into the body and mind during yoga practice, individuals can develop a greater sense of self-awareness and understanding. This can lead to a deeper connection with oneself and a greater acceptance of one’s strengths and limitations. Through yoga, individuals can cultivate self-compassion and learn to treat themselves with kindness and compassion, leading to greater overall well-being.

Overall, the benefits of yoga for mental health are vast and far-reaching. By incorporating yoga into your daily routine, you can experience reduced stress and anxiety, improved mood, increased resilience, and greater self-awareness and self-compassion. Whether you are new to yoga or have been practicing for years, there is no doubt that the practice of yoga can have a profound impact on your mental health and overall well-being. So why not roll out your mat and give it a try today?