ETFs Post Another Day of Inflows, Worldcoin to Sell Portion of Treasury

Apr 24, 2024

The crypto market is pulling back from its recent surge, with BTC falling below $65,000, ETH trading under $3,200, and SOL -1.60%  fighting to stay above $150. As expected, altcoins are also generally declining, although a few notable performers are scattered across the market. Currently, BONK and WIF, two prominent memecoins on Solana, are showing resilience, up 12% and 6%, respectively. Additionally, HBAR initially doubled in price following reports that Blackrock selected the chain to tokenize a US treasury money market fund. However, the token surrendered most of its gains after it was clarified that Blackrock was not involved in the decision-making process. Long-term interest rates have reversed the trend observed over the past few days and are moving higher, possibly in anticipation of tomorrow’s GDP data. Equities are mixed as investors await major companies’ earnings this week, including META today, MSFT, and GOOGL tomorrow.

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