Bitcoin Network Transactions Reach All-time Highs, SUI Rises Ahead of Mainnet
May 2, 2023
Market Update $BTC has rebounded 1.2% while stocks fell due to weakness in the banking sector. The S&P is down 1.68%, and the Nasdaq fell 1.45%. While JP Morgan’s takeover rescued First Republic, fear has spread to other regional banks. Shares of PacWest, Western Alliance, and Metropolitan Bank all had trading paused after falling over 20% this morning. Gold moved 1.4% higher while the $VIX jumped to over 19, 20% higher than its intraday low of under 16 yesterday. The market is full of uncertainty, with trouble in the banking sector, the debt ceiling looming, and tomorrow’s Fed rate decis
Finish reading this report for free
Enter your email and we'll send the paywall-free report directly to your inbox
Articles Read: 0/2
In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.
Get unlimited access to Tom Lee's Fundstrat research
Subscribe
Already a member?
Log in