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Amber Group Market Weekly Review 220110 | Bitcoin and Ethereum Market Insights, News Highlights

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Amber Group Market Weekly Review 220110 | Bitcoin and Ethereum Market Insights, News Highlights

Table of Contents

Market Trends:

  • In the past few weeks, popular Layer1 positions such as LUNA, AVAX, and SOL have been heavily sold off.
  • Aside from a few altcoins that have sparked interest, bullish momentum appears notably weak.
  • NEAR and ATOM have been the standout Layer1 tokens in the recent downturn.

Traditional Financial Markets

The Fed unexpectedly took a hawkish stance at its mid-December Wednesday meeting, discussing a more proactive and faster rate hike, with the first rate hike possibly in March. The 10-year U.S. Treasury yield rose to 1.8%, the highest level since the pandemic began. Growth and tech stocks plummeted; the Nasdaq fell by 4.5%, marking its largest weekly drop in nearly a year. On the macro front, employment data was mixed, with the nonfarm payrolls report falling short of expectations but the unemployment rate better than expected. Over the past week, the Dow Jones fell by 0.3%, and the S&P 500 dropped by 1.9%.

About Amber Group

Founded in 2017, with operations spanning major cities in Asia, Europe, and the Americas, Amber Group serves over 1,000 renowned institutional clients, with a cumulative trading volume exceeding one trillion USD across more than 100 exchanges. They manage assets worth over $4 billion, assisting clients in managing risks associated with various crypto assets, providing flexible investment options and maximizing returns to optimize long-term value.

For product-related inquiries, please contact Amber's customer service team at: [email protected]