Eigen Airdrop Sparks Debate, Hong Kong ETFs Debut With Minimal Flows
Apr 30, 2024
Market Update We are witnessing a continuation of the recent weakness in crypto markets today, with #BTC now testing $60k, #ETH just below $3k, and #SOL dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this remains a reflection of the overall macro landscape. Rates are moving higher today after a strong employment cost index number, suggestive of stickier inflatio