FTX Looks to Sell Assets, dYdX Rises
Aug 24, 2023
Market Update Crypto and equities are falling today despite the buzz around impressive Nvidia earnings. The S&P is down 0.77%, while the Nasdaq has lost 1.28% at writing. Investors are focused on what may be a pivotal speech from Chair Powell regarding the Fed’s stance on further rate hikes tomorrow at Jackson Hole. U.S Treasury yields are rising, with the 10-year up three basis points at 4.22%, below the 4.35% 16-year high reached earlier this week. Both $BTC and $ETH have followed equities lower, losing 1.8% and 2.0%, respectively. Distributed GPU token $RNDR is the top gainer among a se
Finish reading this report for free
Enter your email and we'll send the paywall-free report directly to your inbox
Articles Read: 2/2
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