Solana ETP Flows Jump, ETH Supply Inflation
Oct 9, 2023
Market Update Equities are flat as investors digest the Israel-Hamas conflict that erupted over the weekend. Oil prices gained 4.5% while Bond markets are closed for the holiday. Beyond the geopolitical uncertainty investors will be looking to releases on inflation data from PPI and CPI, in addition to FOMC minutes later this week. $BTC is trading at $27.5k after retracing from $28k, where confluence of both the 200 day and weekly MAs have continued to hold as resistance. $ETH is trading at $1.58k, extending its underperformance against BTC as $ETHBTC reached new yearly lows of 0.0572. $DYDX