Risk Assets Remain Under Pressure, Nakamoto Upgrade to Commence Next Week

Market Update Risk assets remain under pressure as the DXY's relentless rally has continued, now approaching its 2023 highs, currently at 106.5. Rates continue to move higher, with the 10Y now reaching a new year-to-date high of 4.7%. Gold continues its upward march amid persistent geopolitical tensions. Crypto remains weak in the face of rising rates, geopolitical risks, and tax season. $BTC continues to range between $61K and $63K following yesterday's afternoon drawdown. $ETH and $SOL are also moving lower today, down to $3050 and $133, respectively. There are some isolated pockets of stre