Consumer Sentiment Data Shakes Market, Eigen Claims Go Live
May 10, 2024
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Market Update A pretty sizeable miss in today's consumer sentiment survey reversed most of the gains experienced in the crypto market over the past 24 hours. Consumer sentiment came in at 67.4, well below market expectations of 77.2. 1Y inflation expectations came in at 3.5%, well above the market forecast of 3.2%. We saw the #DXY turn sharply higher on the move, and most risk assets sold off. #BTC fell from $63k down to retest $60k, while #ETH and #SOL followed similar paths, moving down to $2,900 and $146, respectively. Most alts have moved lower since the sentiment figures were released, b