A New Source of BTC ETF Demand Emerges, Coinbase Meets with SEC Regarding ETH ETF
Mar 8, 2024
Market Update The day commenced with a flurry of activity, beginning with an NFP figure that exceeded expectations, juxtaposed with an unemployment rate that also surpassed forecasts. This combination pushed short rates lower and led the fed funds futures market to anticipate a full rate cut by the June FOMC meeting. The DXY dropped to a low of 102.4 before making a comeback. In crypto, the day started with significant momentum as $BTC surged to set a new all-time high, briefly surpassing the $70,000 mark for the first time. However, it encountered resistance and pulled back to just over $68,
