ETH Beta Receives a Boost, SOL Recovers from Bug
Feb 7, 2024
Market Update Equity indices continue to march higher, with the QQQ registering a near 1% gain on the day and the SPX following closely behind, up approximately 75 bps. It's a broad rally with all sectors in the green for the day, but technology is outperforming, up over 1%. Rates started the day lower, but the longer end of the curve is now marching higher, likely due to a major 10-year auction today. Meanwhile, the DXY is generally flat on the day, as is gold. Cryptoassets appear in tune with tech stocks, as $BTC inches higher toward $43.5K and $ETH rallies back above $2,400. ETH beta names