ETH Touches $3k as Tailwinds Align, Ethena Launch Generates Both Fanfare and Concern
Feb 20, 2024
Market Update Equity markets are under pressure this morning, with the QQQ and SPX indices dropping over 1% and approximately 0.70%, respectively. This downturn occurs amidst a backdrop of a declining DXY and lower rates, underscoring a continued decoupling between risk assets and the bond market since early January. The crypto market is also experiencing a pullback, following Bitcoin's premarket attempt to surpass the $53k mark and Ethereum's notable weekend achievement of reaching the $3k level for the first time in nearly two years. This $ETH momentum is partly fueled by the growing antici