Ethereum Shapella Upgrade, El Salvador Issues First Digital Asset License
Apr 12, 2023
Market Update March CPI showed cooling inflation, with the index rising 0.1% month-over-month instead of 0.2% expected and 5.0% yearly vs. 5.1% expected. The Dow gained 0.39%, while the S&P and Nasdaq were up 0.30% and 0.09%, respectively. The beat reinforces the case for the Fed being near the end of its rate-hiking cycle. Still, the market’s muted reaction may indicate investors may be waiting for today’s Fed minutes to gauge the likelihood of another 25-bp hike for the Fed’s next decision in May. $BTC is trading near $30k, losing 0.5% in the last day. Open interest on $BTC has risen