Flows Turn Negative to Start the Week, ENA Token Launches
Apr 2, 2024
Market Update Risk markets are experiencing a broad decline today, largely attributable to the surge in rates following the impressive PMI figures released yesterday. The US 10-year yield briefly reached 4.4%, marking its highest level since November. The crypto market was particularly affected in the early US hours today, with over $400 million in futures liquidations and $BTC moving from nearly $70k to just below $65k. Following suit, the wider crypto market saw significant drops, with $ETH descending to nearly $3200 and $SOL retreating to $176. With interest rates largely influencing curre