FTX Looks to Sell Assets, dYdX Rises
Aug 24, 2023
Market Update Crypto and equities are falling today despite the buzz around impressive Nvidia earnings. The S&P is down 0.77%, while the Nasdaq has lost 1.28% at writing. Investors are focused on what may be a pivotal speech from Chair Powell regarding the Fed’s stance on further rate hikes tomorrow at Jackson Hole. U.S Treasury yields are rising, with the 10-year up three basis points at 4.22%, below the 4.35% 16-year high reached earlier this week. Both $BTC and $ETH have followed equities lower, losing 1.8% and 2.0%, respectively. Distributed GPU token $RNDR is the top gainer among a se