SOL Continues to Shine, TIA Airdrop Could Catalyze On-Chain Activity
Major equity indexes are recovering after giving up some of yesterday’s gains. Short-term rates are on the rise, causing an uptick in the DXY index, while long-term rates have edged lower, potentially in response to yesterday’s Treasury refunding preview that suggested Q4 debt issuance might be less than initially expected. These developments precede a pivotal macroeconomic day tomorrow featuring PMI, JOLTs data, and an FOMC decision. Additional information on the Treasury’s refunding plans for the quarter, including duration mix and auction sizes, is also anticipated tomorrow. In the crypto arena, the markets continue to show resilience despite a morning pullback in altcoins driven by liquidations. BTC is rebounding toward $34.5k after an earlier dip to $34k, and ETH is contending to stay above the $1,800 mark. SOL -8.28% , leading the market, achieved a new YTD high of $37 overnight on strong spot market volumes.
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