Binance's U.S Based "VIPs", Tether Market Cap Nears All-time High

Crypto and Equities are up today, with the S&P gaining 0.30% while BTC was up 0.5% as investors assess weak job market data releases. Investors had reacted positively to poor economic data in anticipation that the Fed could pause ongoing rate hikes but attention is shifting to whether the Fed has induced a potential recession. Despite a short trading week for stocks, all eyes will be on the Labor Department’s March jobs report coming out tomorrow, which will show the economy’s resiliency and whether a soft or hard landing is developing on the back of the Fed’s rate hikes. ETH is underperforming BTC, down 0.8% over the last day. DOGE is underperforming among the top ten digital assets by market cap, falling 3.4% over the previous day as the hype-based rally from Twitter changing its logo begins to fizzle.