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Crypto Market Daily Highlights – ETH Extends Winning Streak to Nine
After a positive Monday, the focus will be on US economic data and business results today, putting the cryptocurrency market in the NASDAQ's hands.
The top ten cryptocurrency index had a mixed day on Monday. MATIC took the lead, and ETH's winning run reached nine sessions. It is noteworthy that BTC has returned to $21,000 three times since November 7 and the demise of FTX.
Due to the absence of external market factors on Monday, network updates and opinions of FTX contagion served as the main sources of market support.
The positive session was influenced by investor attitude about the Polygon and Ethereum Shanghai hard forks, as well as the total value locked (TVL) movements in DeFi. DeFi Llama reports that the TVL was $45.29 billion this morning, up 1.40% over the previous 24 hours and 16.9% year to date.
Riskier assets will find direction today based on company results and US economic indices. Bank profits and the New York Empire State Manufacturing Index will be the main topics of discussion.
Today will see the release of earnings from Morgan Stanley (MS) and Goldman Sachs (GS).
While economic and earnings statistics will have an impact, investors should pay attention to FOMC member discussion. The dial would shift if there was talk of a 50-basis-point interest rate increase or a halt to increases.
The NASDAQ mini gained 21.5 points this morning.
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