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Stock impact report

'A Market Waiting for a Catalyst:' Crypto Daybook Americas [Yahoo! Finance]

Nano Labs Ltd - Class A Ordinary Shares (NA) 
Company Research Source: Yahoo! Finance
The same can be said for the broader market, with both the CoinDesk 20 (CD20) and CoinDesk 80 (CD80) indexes little changed. The only notable winner is the RAIN token, which has added over 6%. BTC's recovery is consistent with the 0.5% gains in futures tied to the S&P 500 and the Nasdaq, and with the continued weak tone in the dollar. "Price action is compressed. Volatility is present, but conviction is not. This remains a market waiting for a catalyst," Timothy Misir, the head of research at BRN, said in an email. Catalysts are plenty this week: U.S. retail sales, jobs data, inflation reports and multiple Fed speakers will take center stage, influencing expectations of how quickly the central bank might ease interest rates next year. Plus, the Bank of Japan is expected to raise rates by 25 basis points. "Any upside surprise risks reinforcing the 'hawkish cut' narrative, while softer data could reopen the door for risk assets into year-end. For crypto, macro sensitivity remain Show less Read more
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