The drop in the US dollar today on soft job openings data has led to some wonky market moves, including Ethereum. The Nasdaq and broad stock indexes are down around 0.7% but crypto and gold are surging.
Leading the pack is ethereum, which is up nearly 5% to the highest levels since August 2022 in something of a breakout.
ETH/USD daily
Crypto was a great asset in Q1 and that’s continued as the calendar turns into Q2 but it’s largely been carried by bitcoin…
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