[{"data":1,"prerenderedAt":213},["Reactive",2],{"Qh3eja45Su":3,"SgoAjOBKUE":7,"inside-the-nci-march-9-2026":140,"_apollo:default":165},{"topBars":4},{"__typename":5,"data":6},"TopBarEntityResponseCollection",[],{"contents":8},{"__typename":9,"data":10},"ContentEntityResponseCollection",[11],{"__typename":12,"attributes":13},"ContentEntity",{"__typename":14,"slug":15,"isRestrictedContent":16,"contentUrl":17,"title":18,"blurb":19,"content":20,"publishDate":21,"timeToRead":22,"customCoversEnabled":23,"coverInsights":24,"languages":25,"countries":39,"thumbnail":56,"heroImage":82,"author":87,"content_category":122},"Content","inside-the-nci-march-9-2026",true,"https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/Inside_the_NCI_1_881f65ab18.pdf","Inside the NCI  -  March 9, 2026","NCI rose 2.7% diverging from equities and gold, driven by $1.15B in BTC ETF inflows and short squeeze. 4.4% unemployment and collapsed Iran talks didn't stop rally.","\u003Ch2 dir=\"ltr\">\u003Cspan style=\"color: rgb(0, 0, 0);\">Nasdaq CME Crypto\u003Csup>TM\u003C/sup> Index Performance (Weekly):\u003C/span>\u003C/h2>\n\u003Cp> \u003C/p>\n\u003Cp dir=\"ltr\">The NCI rose 2.7% last week, driven mainly by BTC (+3.1%) and ETH (+2.6%). The rally came despite early-week headwinds from collapsed Iran negotiations and a shocking −92K payrolls print that pushed unemployment to 4.4%, but sentiment shifted as leveraged short positions were unwound and spot BTC ETFs posted $1.15B in weekly inflows. The reversal was particularly notable given that crypto diverged from other major asset classes, with the S&P 500, Nasdaq 100, MSCI World, and gold all declining over the same period.\u003C/p>\n\u003Cp dir=\"ltr\"> \u003C/p>\n\u003Ch2 dir=\"ltr\">CIO’s view:\u003C/h2>\n\u003Cp> \u003C/p>\n\u003Cp dir=\"ltr\">Crypto’s divergence from equities and gold amid positive ETF inflows and its recent short squeeze indicates bearish positioning may be overcrowded. We expect continued volatility and bitcoin to trade in the $60,000-$80,000 range, with an eye on potentially positive catalysts such as advancement of the CLARITY Act.\u003C/p>\n\u003Cp> \u003C/p>\n\u003Ch2 dir=\"ltr\">Key Developments \u003C/h2>\n\u003Cp> \u003C/p>\n\u003Cp>Digital asset bank Kraken Financial has been granted \u003Ca href=\"https://blog.kraken.com/news/federal-reserve-master-account\">the first Federal Reserve master account\u003C/a> awarded to a crypto firm\u003C/p>\n\u003Cp> \u003C/p>\n\u003Cp> \u003C/p>","2026-03-09",2,false,null,{"__typename":26,"data":27},"LanguageRelationResponseCollection",[28,33,36],{"__typename":29,"attributes":30},"LanguageEntity",{"__typename":31,"Code":32},"Language","en",{"__typename":29,"attributes":34},{"__typename":31,"Code":35},"fr",{"__typename":29,"attributes":37},{"__typename":31,"Code":38},"de",{"__typename":40,"data":41},"CountryRelationResponseCollection",[42,47,50,53],{"__typename":43,"attributes":44},"CountryEntity",{"__typename":45,"Code":46},"Country","KY",{"__typename":43,"attributes":48},{"__typename":45,"Code":49},"EU",{"__typename":43,"attributes":51},{"__typename":45,"Code":52},"CH",{"__typename":43,"attributes":54},{"__typename":45,"Code":55},"US",{"__typename":57,"data":58},"UploadFileEntityResponse",{"__typename":59,"attributes":60},"UploadFileEntity",{"__typename":61,"name":62,"url":63,"formats":64,"size":81},"UploadFile","image 783.png","https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/image_783_64cb583ca5.png",{"small":65,"thumbnail":74},{"ext":66,"url":67,"hash":68,"mime":69,"name":70,"path":24,"size":71,"width":72,"height":73},".png","https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/small_image_783_64cb583ca5.png","small_image_783_64cb583ca5","image/png","small_image 783.png",196.69,500,333,{"ext":66,"url":75,"hash":76,"mime":69,"name":77,"path":24,"size":78,"width":79,"height":80},"https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/thumbnail_image_783_64cb583ca5.png","thumbnail_image_783_64cb583ca5","thumbnail_image 783.png",46.33,234,156,50.99,{"__typename":57,"data":83},{"__typename":59,"attributes":84},{"__typename":61,"name":85,"url":86},"insidethenciHeroimage.png","https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/insidethenci_Heroimage_28e584a660.png",{"__typename":88,"data":89},"PersonEntityResponse",{"__typename":90,"attributes":91},"PersonEntity",{"__typename":92,"photo":93,"name":120,"slug":121},"Person",{"__typename":57,"data":94},{"__typename":59,"attributes":95},{"__typename":61,"name":96,"url":97,"formats":98,"size":119},"Samir.jpg","https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/Samir_231a967f4f.jpg",{"small":99,"medium":107,"thumbnail":113},{"ext":100,"url":101,"hash":102,"mime":103,"name":104,"path":24,"size":105,"width":106,"height":72},".jpg","https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/small_Samir_231a967f4f.jpg","small_Samir_231a967f4f","image/jpeg","small_Samir.jpg",21.55,334,{"ext":100,"url":108,"hash":109,"mime":103,"name":110,"path":24,"size":111,"width":72,"height":112},"https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/medium_Samir_231a967f4f.jpg","medium_Samir_231a967f4f","medium_Samir.jpg",41.66,750,{"ext":100,"url":114,"hash":115,"mime":103,"name":116,"path":24,"size":117,"width":118,"height":80},"https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/thumbnail_Samir_231a967f4f.jpg","thumbnail_Samir_231a967f4f","thumbnail_Samir.jpg",3.37,104,67.48,"Samir Kerbage","samir-kerbage",{"__typename":123,"data":124},"ContentCategoryEntityResponse",{"__typename":125,"id":126,"attributes":127},"ContentCategoryEntity","8",{"__typename":128,"title":129,"DisplayName":130,"content_super_category":133},"ContentCategory","Inside the NCI",[131],{"__typename":132,"DisplayName":129},"ComponentContentDisplayName",{"__typename":134,"data":135},"ContentSuperCategoryEntityResponse",{"__typename":136,"attributes":137},"ContentSuperCategoryEntity",{"__typename":138,"title":139},"ContentSuperCategory","Insights",{"id":-1,"__typename":14,"slug":15,"isRestrictedContent":16,"contentUrl":17,"title":18,"blurb":19,"content":20,"publishDate":21,"timeToRead":22,"customCoversEnabled":23,"coverInsights":24,"languages":141,"countries":145,"thumbnail":150,"heroImage":154,"author":155,"content_category":161,"isHashInsiderWeekly":23},[142,143,144],{"id":-1,"__typename":31,"Code":32},{"id":-1,"__typename":31,"Code":35},{"id":-1,"__typename":31,"Code":38},[146,147,148,149],{"id":-1,"__typename":45,"Code":46},{"id":-1,"__typename":45,"Code":49},{"id":-1,"__typename":45,"Code":52},{"id":-1,"__typename":45,"Code":55},{"id":-1,"__typename":61,"name":62,"url":63,"formats":151,"size":81},{"small":152,"thumbnail":153},{"ext":66,"url":67,"hash":68,"mime":69,"name":70,"path":24,"size":71,"width":72,"height":73},{"ext":66,"url":75,"hash":76,"mime":69,"name":77,"path":24,"size":78,"width":79,"height":80},{"id":-1,"__typename":61,"name":85,"url":86},{"id":-1,"__typename":92,"photo":156,"name":120,"slug":121},{"id":-1,"__typename":61,"name":96,"url":97,"formats":157,"size":119},{"small":158,"medium":159,"thumbnail":160},{"ext":100,"url":101,"hash":102,"mime":103,"name":104,"path":24,"size":105,"width":106,"height":72},{"ext":100,"url":108,"hash":109,"mime":103,"name":110,"path":24,"size":111,"width":72,"height":112},{"ext":100,"url":114,"hash":115,"mime":103,"name":116,"path":24,"size":117,"width":118,"height":80},{"id":126,"__typename":128,"title":129,"DisplayName":162,"content_super_category":164},[163],{"__typename":132,"DisplayName":129},{"id":-1,"__typename":138,"title":139},{"ROOT_QUERY":166,"ContentCategoryEntity:8":206},["null","__typename",167,"topBars({\"filters\":{\"countries\":{\"Code\":{\"eq\":\"KY\"}}}})",168,"contents({\"filters\":{\"slug\":{\"eq\":\"inside-the-nci-march-9-2026\"}}})",169],"Query",["null","__typename",5,"data",6],["null","__typename",9,"data",170],[171],["null","__typename",12,"attributes",172],["null","__typename",14,"slug",15,"isRestrictedContent",16,"contentUrl",17,"title",18,"blurb",19,"content",20,"publishDate",21,"timeToRead",22,"customCoversEnabled",23,"coverInsights",24,"languages",173,"countries",181,"thumbnail",191,"heroImage",194,"author",197,"content_category",203],["null","__typename",26,"data",174],[175,177,179],["null","__typename",29,"attributes",176],["null","__typename",31,"Code",32],["null","__typename",29,"attributes",178],["null","__typename",31,"Code",35],["null","__typename",29,"attributes",180],["null","__typename",31,"Code",38],["null","__typename",40,"data",182],[183,185,187,189],["null","__typename",43,"attributes",184],["null","__typename",45,"Code",46],["null","__typename",43,"attributes",186],["null","__typename",45,"Code",49],["null","__typename",43,"attributes",188],["null","__typename",45,"Code",52],["null","__typename",43,"attributes",190],["null","__typename",45,"Code",55],["null","__typename",57,"data",192],["null","__typename",59,"attributes",193],["null","__typename",61,"name",62,"url",63,"formats",64,"size",81],["null","__typename",57,"data",195],["null","__typename",59,"attributes",196],["null","__typename",61,"name",85,"url",86],["null","__typename",88,"data",198],["null","__typename",90,"attributes",199],["null","__typename",92,"photo",200,"name",120,"slug",121],["null","__typename",57,"data",201],["null","__typename",59,"attributes",202],["null","__typename",61,"name",96,"url",97,"formats",98,"size",119],["null","__typename",123,"data",204],{"__ref":205},"ContentCategoryEntity:8",["null","__typename",125,"id",126,"attributes",207],["null","__typename",128,"title",129,"DisplayName({\"filters\":{\"Language\":{\"Code\":{\"eq\":\"en\"}}}})",208,"content_super_category",210],[209],["null","__typename",132,"DisplayName",129],["null","__typename",134,"data",211],["null","__typename",136,"attributes",212],["null","__typename",138,"title",139],1775169435849]