Fourth Straight Week of Crypto ETP Inflows, Coinbase vs. SEC

Name: FS Insight
Price range: $$$

Oct 23, 2023

Market Update Equities have seen a modest increase, while $BTC has risen by 5% since the close of the market last Friday, reaching $31.1k amid escalating interest rates and ongoing geopolitical instability. U.S 10-year yields spiked to the highest level in sixteen years this morning, briefly rising above 5% before retracing to 4.85% at writing. Investor attention this week will be on numerous crucial central bank meetings and economic data unveilings. These include the Bank of Canada's assembly on Wednesday, the European Central Bank's meeting, and the disclosure of the U.S third-quarter GDP on Thursday, followed by the US PCE inflation data on Friday. Moreover, notable tech corporations like Alphabet, Amazon, Meta, and Microsoft are slated to announce their earnings this week, adding another layer of anticipation. $ETH has also gained from Friday's close, reaching $1.68k but continuing to underperform against $BTC. $LINK has had the best performance in the top 100 over the last week, rising 36% to its highest level since May 2022 after an extended period of consolidation. Chainlink is a major provider of oracle solutions in the crypto industry, particularly in DeFi, which relies on Chainlink for off-chain data solutions. According to on-chain analysts at Santiment, the $LINK n

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