ETH Deposits Exceed Withdrawals, GALA Breaking Out
Apr 18, 2023
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Market Update Despite the VIX reaching its lowest point since January 2022 and the DXY moving lower, the NDQ and SPX traded flat on the day, reflecting a market on unsure footing following a morning of resilient earnings reports. In contrast, the overall crypto market is trading up 1.8% as both $BTC and ETH strongly rebound from yesterday's pullback. Arbitrum ($ARB) continues its impressive run, climbing another 5% today. GALA is outperforming following an announcement that Gala Games will airdrop v2 tokens to users on May 15, upgrading smart contracts and introducing burn mechanisms for enha