Ether Underperformed Its Ecosystem Tokens
Intermediate
Crypto Insights
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Written By: Marcus Wang
Macro and Overall Risk Sentiment
Bears have taken the upper hand in U.S. stock markets since the release of the higher-than-expected January CPI print. Treasury yields continue to surge, suggesting markets are factoring into more rate hikes from the Fed. Meanwhile, the crypto market barely moved, with both BTCUSDT and ETHUSDT gaining 0.8% and 0.1%, respectively, in the past week.