Markets Rally Ahead of FOMC, ETH Potentially Declared a Commodity

Dec 14, 2022
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MARKET COMMENTARYU.S. EQUITIES ARE RELATIVELY FLAT AS THEY CONSOLIDATE ABOVE PRIOR ALL-TIME HIGHS. THE SPX IS TRADING AT 5,300, AND THE NDQ IS HOVERING NEAR $18,600, WHILE THE DXY 0.00% (-0.07%) IS SHOWING A SLIGHT DECLINE, TRADING AT $104.4. Crypto assets are showing strength, with BTC 0.15% rising 2.84% to $67.1k and ETH 1.06% surging 4.86% to $3,090. Liquid staking tokens are building on Ether's outperformance, as LDO -1.50% and PENDLE 4.31% have gained 10.11% and 13.43%, respectively. Similarly, layer-2...

CRYPTO MARKET UPDATETODAY, WE ARE SEEING SOME MINOR CONSOLIDATION IN THE CRYPTO MARKET COINCIDING WITH THE SLIGHT BOUNCE IN THE RATES AND DXY 0.00% . BTC 0.15% is trading just north of $65k, while ETHBTC continues to struggle, with ETH 1.06% moving lower for the 5th consecutive day and still trading below the $3k mark. Despite the market consolidation, SOLBTC is still green on the day as SOL 0.34% works to regain the $160 level....

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