Mo 12/10 | Daily Crypto & Macro News

Happy Monday, all, and let's kick off a new week with everything that happened over the weekend because Bitcoin reclaimed the eighty-four thousand dollar level after last week's brutal sell-off that saw us fall below eighty-one thousand.

Michael Saylor is back at it, hinting at buying more Bitcoin, saying there's always room for more orange, and Strive CEO is doing the same with the message, "Think bigger," so we might be getting some big announcements soon.

On the institutional front, South Korea's John Buck Bank started offering Bitcoin-backed loans, which is another sign of how mainstream crypto lending is becoming in Asia.

Meanwhile, US Treasury Secretary Scott Bessent said the US will continue to pressure Iran by seizing cryptocurrencies and tightening the naval blockade, so crypto is now officially part of geopolitical strategy.

The People's Bank of China added seven hundred forty thousand ounces of gold to its reserves in September, extending its buying streak to twenty-three consecutive months.

And while that's not crypto, it tells you central banks are still hedging against dollar uncertainty.

President Trump announced that Russia and Ukraine agreed to an immediate ceasefire on energy infrastructure attacks, though Ukrainian President Zelenskyy said he was unaware of any such agreement, which is peak twenty-twenty-six diplomacy.

In traditional markets, the average stock in the S&P five hundred is at its lowest level relative to the cap-weighted index since November two thousand and two as mega cap dominance continues.

Yet somehow, after an early twenty-twenty-six decline, the S&P is now up fifteen percent year to date, which is more than double the typical year at this point.

US ten-year Treasury yields stand at their highest nominal levels since two thousand and two at five point three one percent, with real yields the highest since two thousand and eight.

And thirty-year inflation-protected Treasury bonds offer a three point three seven percent yield above inflation, which is the highest real yield in over twenty years.

Credit spreads for the weakest US companies have widened to twelve point five two percent, which is the highest in nearly four years, so there's definitely stress building beneath the surface.

Big earnings week ahead with JP Morgan reporting Tuesday before the open, expected to post fifty point eight five billion in revenue and five eighty-six EPS.

Goldman Sachs, also Tuesday, expected at seventeen point four two billion in revenue and fifteen thirty-nine EPS.

UnitedHealth, Tuesday, with street estimates of one hundred and eleven point four nine billion in revenue and four fifteen adjusted EPS.

Bank of America, Wednesday, expected at thirty-one point two billion in revenue and one seventeen EPS.

And ASML, Wednesday, expected to deliver eleven point six six billion euros in revenue and ten fifty-eight EPS.

The IMF said tokenized stocks are less liquid and more volatile than traditional stocks, which is an interesting take given all the tokenization hype lately.

In altcoin news, XRP spot ETFs saw net inflows of eleven point three one million last week.

Tom Lee predicts Ethereum will surpass five thousand by the end of this year, and Bitfinex Ethereum longs reached their highest level in over four years, so the bulls are positioning for a move.

Happy Monday, all, and let's kick off a new week with everything that happened over the weekend because Bitcoin reclaimed the eighty-four thousand dollar level after last week's brutal sell-off that saw us fall below eighty-one thousand.

Michael Saylor is back at it, hinting at buying more Bitcoin, saying there's always room for more orange, and Strive CEO is doing the same with the message, "Think bigger," so we might be getting some big announcements soon.

On the institutional front, South Korea's John Buck Bank started offering Bitcoin-backed loans, which is another sign of how mainstream crypto lending is becoming in Asia.

Meanwhile, US Treasury Secretary Scott Bessent said the US will continue to pressure Iran by seizing cryptocurrencies and tightening the naval blockade, so crypto is now officially part of geopolitical strategy.

The People's Bank of China added seven hundred forty thousand ounces of gold to its reserves in September, extending its buying streak to twenty-three consecutive months.

And while that's not crypto, it tells you central banks are still hedging against dollar uncertainty.

President Trump announced that Russia and Ukraine agreed to an immediate ceasefire on energy infrastructure attacks, though Ukrainian President Zelenskyy said he was unaware of any such agreement, which is peak twenty-twenty-six diplomacy.

In traditional markets, the average stock in the S&P five hundred is at its lowest level relative to the cap-weighted index since November two thousand and two as mega cap dominance continues.

Yet somehow, after an early twenty-twenty-six decline, the S&P is now up fifteen percent year to date, which is more than double the typical year at this point.

US ten-year Treasury yields stand at their highest nominal levels since two thousand and two at five point three one percent, with real yields the highest since two thousand and eight.

And thirty-year inflation-protected Treasury bonds offer a three point three seven percent yield above inflation, which is the highest real yield in over twenty years.

Credit spreads for the weakest US companies have widened to twelve point five two percent, which is the highest in nearly four years, so there's definitely stress building beneath the surface.

Big earnings week ahead with JP Morgan reporting Tuesday before the open, expected to post fifty point eight five billion in revenue and five eighty-six EPS.

Goldman Sachs, also Tuesday, expected at seventeen point four two billion in revenue and fifteen thirty-nine EPS.

UnitedHealth, Tuesday, with street estimates of one hundred and eleven point four nine billion in revenue and four fifteen adjusted EPS.

Bank of America, Wednesday, expected at thirty-one point two billion in revenue and one seventeen EPS.

And ASML, Wednesday, expected to deliver eleven point six six billion euros in revenue and ten fifty-eight EPS.

The IMF said tokenized stocks are less liquid and more volatile than traditional stocks, which is an interesting take given all the tokenization hype lately.

In altcoin news, XRP spot ETFs saw net inflows of eleven point three one million last week.

Tom Lee predicts Ethereum will surpass five thousand by the end of this year, and Bitfinex Ethereum longs reached their highest level in over four years, so the bulls are positioning for a move.