This post was originally published on this site.FUNDAMENTAL OVERVIEW   Ethereum has been remarkably resilient over the past week, considering the increasingly negative macro backdrop for risk assets. The higher than expected US monthly core inflation data has sealed a Fed rate hike on Wednesday, while oil prices above $100 are adding inflationary pressure and reinforcing expectations for tighter monetary policy. Despite these headwinds, Ethereum has managed to hold relatively firm. This suggests that crypto-specific developments might have been providing short-term support to offset the negative macro pressure. The main driver might have been growing optimism for the cloture vote...

This post was originally published on this site.We’ve all seen this script play out before. When Treasury yields rise, investors can earn a decent return by holding something considerably less exciting than Bitcoin. Because that is when liquidity gets tighter, the opportunity cost of owning non-yielding assets goes up, and speculative trades tend to suffer as a result. But is that a too simplistic approach in seeing how the crypto market responds to higher interest rates? Perhaps. While higher rates may be bad for Bitcoin as an individual asset, they can actually be beneficial to parts of the crypto financial...