Theme updated Oct 8
Crypto & bitcoin
Bitcoin, ether and the digital-asset bid, decoded alongside the rest of the tape.
22 mornings covered crypto & bitcoin this year
Thursday, October 8, 2026
Fewer tankers than normal left the Gulf for a third day with data
The crypto & bitcoin read — Bitcoin fell; dollar-yield deposits on-chain kept growing.
Read the briefSunday, October 4, 2026
Friday's settlement had diesel down 3.0% and December Brent little changed after the G7 agreed to release emergency stocks
The crypto & bitcoin read — The only big market open; it barely moved.
Read the briefTuesday, September 22, 2026
Brent settled at $100.34 (-3.40%), down 7.73% across four sessions; the Nasdaq closed 27,122 (+2.26%) and bitcoin $86,586 (+6.70%)
The crypto & bitcoin read — Bitcoin's rise tracks the oil story, not its own.
Read the briefMonday, September 21, 2026
Friday settled with the S&P 500 at 7,650.50 +0.17%, the Nasdaq at 26,522.55 +0.39% and the Dow at 51,682.64 -0.18% — a third consecutive losing…
The crypto & bitcoin read — The bitcoin buying came out of savings, not inflows
Read the briefSaturday, September 19, 2026
The ten-year Treasury yield settled at 5.00% on Friday and the five-year at 4.86%, back above its level before Wednesday's hike
The crypto & bitcoin read — Bitcoin above $80,000, funds still selling
Read the briefWednesday, September 16, 2026
Houthi strikes on Saudi Arabia carried Brent to $108.75 and WTI to $105.83 on the settled session of 2026-09-15, the barrel's fifth straight…
The crypto & bitcoin read — A lost Senate vote met a rising discount rate
Read the briefTuesday, September 15, 2026
On Monday the ten-year Treasury yield traded above 5% for the first time since 2023, then settled at 4.96%, lower on the day
The ten-year touched five per cent, but the curve says the pressure is policy, not borrowing — and the assets paying for it are the ones that need growth
Read the briefMonday, September 7, 2026
The United States struck Iranian oil tankers after Friday's close
Three haven markets were open across a weekend of strikes in the Gulf. Gold moved five hundredths of a per cent.
Read the briefSaturday, September 5, 2026
US August payrolls printed 162,000 against a 56,000 consensus, with unemployment holding 4.1% — a beat of nearly three times, on the print that…
The crypto & bitcoin read — Bitcoin made the session's largest adjusted move.
Read the briefFriday, September 4, 2026
Everything priced in dollars went up, and the dollar went down
Hiring has stopped and firing has not started — which makes today's payrolls print far less decisive than Thursday's session assumed
Read the briefMonday, August 31, 2026
The last settled US cash session, Friday 2026-08-28, was a monetary one: the five-year +8 basis points to 4.48% after the Federal Reserve chair's…
The crypto & bitcoin read — Ended the weekend -0.32%, not higher
Read the briefFriday, August 28, 2026
The Nasdaq closed +1.57% at 26,541.35 — its largest one-day gain since 2026-08-04 — after Nvidia posted a blowout quarter and guided to roughly…
Two names carried the index, 8 of 21 in the complex fell, and the rating layer recorded nothing — 2026-08-27 settled close
Read the briefThursday, August 27, 2026
Brent fell 0.84% to $87.84 — a third straight lower close and 6.94% below where it settled on 2026-08-21, its lowest close in 9 sessions — as Iran…
The crypto & bitcoin read — Rose while gold fell; different sensitivity
Read the briefWednesday, August 26, 2026
Brent fell 3.89% to $88.58 and WTI 3.12% to $82.36 on the session Washington declared the Strait of Hormuz cleared of mines — Brent's largest…
The crypto & bitcoin read — Bought for the same reason as gold this month.
Read the briefMonday, August 24, 2026
Friday reversed the week without redeeming it
The crypto & bitcoin read — Bitcoin's week belongs to the same monetary question.
Read the briefFriday, August 21, 2026
Washington said its buybacks would get bigger and the long bond got sold anyway: the 30-year settled at 5.24% and the 10-year at 4.70%, both…
The crypto & bitcoin read — Best day in months, but with its own policy catalyst
Read the briefThursday, August 20, 2026
The 30-year fell to 5.20% and the dollar fell with it — EUR/USD +0.86%, USD/JPY -0.80%
The crypto & bitcoin read — Had its own policy catalyst, not the money story
Read the briefMonday, August 17, 2026
No cash session has printed since Friday
Peace made a new high and passage a new low over a weekend with no cash session — and the storage band reversed
Read the briefTuesday, August 11, 2026
Monday was the first full session since Friday and it moved one thing violently: WTI settled $82.13, +5.05% on the day, Brent $87.72, +4.99%,…
The crypto & bitcoin read — The only major risk asset that actually fell on the day.
Read the briefWednesday, July 15, 2026
THE CAPPED RELIEF. June CPI came in benign - headline -0.4% m/m (the first outright drop since the 2020 pandemic), annual 3.5% from 4.2% - which…
Wednesday 2026-07-15 - a benign June CPI takes a July hike off the table and gives stocks a modest relief bid, but gold refuses to rally and Trump's 20% Hormuz toll keeps oil near $80 - a forward oil shock the print can't see
Read the briefSaturday, July 4, 2026
US markets were closed for Independence Day (4 July, a Saturday) - but the markets that never shut kept moving
The crypto & bitcoin read — Bitcoin and ether kept climbing over the holiday.
Read the briefThursday, July 2, 2026
Fed Chair Warsh said inflation risks have DIPPED - and the FX/crypto tape read a green light: the dollar fell ~0.7% to 100.7, the yen recovered…
The crypto & bitcoin read — Bitcoin bounced above sixty thousand even as targets got cut.
Read the brief