Lido Inflows Top 150k ETH, Technicals Suggest ETH/BTC Strength
Feb 27, 2023
Market Update Equities are rising this Monday afternoon following their worst week of the year. The $SPX and $NDQ are trading 0.4% and 0.7% higher, respectively. Interestingly, the US 2Y yield pushed higher in the early morning hours to reach its highest level in over 15 years but has since retreated to below 4.8%. The crypto market rallied following the local peak in rates this morning but has since retraced some of those gains. The majors remain higher compared to 24 hours prior, with $ETH (+2.0%) showing relative strength compared to $BTC (+0.7%) for the first time in a while. Among the t