Technicals Suggest Another Leg Higher in BTC Dominance, ConsenSys Sues the SEC
Apr 26, 2024
Market Update Major equity indices are rallying on the back of solid earnings, with both the $SPX and $QQQ up over 1%. Meanwhile, crypto markets are churning lower, which is understandable as we should not expect crypto to rally alongside equities during an earnings-driven market. Crypto remains an apparently undecided market ahead of next week's FOMC meeting and the Quarterly Refunding Announcement (QRA), evidenced by another day of ETF outflows and a persistent discount on Coinbase. Fears over a hot Core PCE were quelled with today’s report, which showed a 0.3% monthly growth—aligned wi