dYdX Chain Suffers Network Outage, 1inch Launches New Crypto Debit Card

Crypto assets are building on the weekend’s gains. BTC (+3.47%) eclipsed $72.7k this morning before paring gains to approximately $71.8k. ETH (+5.58%) is showing relative strength today, gaining to $3,650, helping the ETHBTC ratio reclaim the .05 mark. Last week’s ETF net flows totaled $484 million, displaying the continued demand for exposure among traditional investors. Equity indices are relatively flat today, with the SPY and QQQ both gaining about 0.05% ahead of a significant macroeconomic week. Important data releases this week include the NFIB optimism index tomorrow, March CPI and FOMC meeting minutes on Wednesday, and PPI data on Thursday. Given the strength of recent data and hawkish fed-speak, the CPI data release will be particularly important in determining the direction of near-term interest rates and the timeliness of any rate cuts.