Technicals Suggest Another Leg Higher in BTC Dominance, ConsenSys Sues the SEC

Market Update Major equity indices are rallying on the back of solid earnings, with both the $SPX and $QQQ up over 1%. Meanwhile, crypto markets are churning lower, which is understandable as we should not expect crypto to rally alongside equities during an earnings-driven market. Crypto remains an apparently undecided market ahead of next week's FOMC meeting and the Quarterly Refunding Announcement (QRA), evidenced by another day of ETF outflows and a persistent discount on Coinbase. Fears over a hot Core PCE were quelled with today’s report, which showed a 0.3% monthly growth—aligned with analyst expectations and likely below market expectations following yesterday’s GDP print. Naturally, yields are moving lower on the day, but the #DXY is maintaining its strength, likely attributable to the Bank of Japan's reluctance to hike rates yesterday evening. #BTC has fallen to $63.5K, while #ETH, currently trading just over $3,100, is down slightly less on a relative basis following the Consensys lawsuit yesterday. #SOL has dropped to $142. Among the top 50 coins, the "dino coins" appear to be holding up the best, with #LTC and #ETC both up approximately 3%.Source: Farside Investors, FundstratEthereum developer ConsenSys has filed a lawsuit against the SEC, challenging the regul