Good morning. Here’s what’s happening:
Prices: Crypto prices continue their cautious move upwards as Fed Chair Jay Powell continues to hint that the war on inflation is nearing its end. Meanwhile, investors are breathing a sigh of relief after DCG and Genesis have reached a deal with creditors.
Insights: Alameda Research, a once mighty force in the crypto investment world, will not be missed, say venture capital stakeholders.
CoinDesk Market Index (CMI)
1,106
+31.1 ▲ 2.9%
Bitcoin (BTC)
$23,247
+439.4 ▲ 1.9%
Ethereum (ETH)
$1,673
+51.8 ▲ 3.2%
S&P 500
4,164.00
+52.9 ▲ 1.3%
Gold
$1,886
+20.0 ▲ 1.1%
Nikkei 225
27,685.47
−8.2 ▼ 0.0%
BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)
