TL;DR
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Good news: after dipping below $80 last week, Solana has quickly regained the $100 mark, as network activity surged in the lead up to the Solana-based ‘Jupiter‘ token launch.
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Bad news: strategists are ringing the alarm bells for ‘risk assets’ (aka every cryptocurrency in existence), pointing to the fact that critical data has yet to show meaningful disinflation.
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Good news: British multinational bank Standard Chartered has projected that an Ethereum ETF will be approved in May, and push ETH’s price past $4,000.
Full Story
You know how your parents would always try and soften bad news by sandwiching it between two pieces of good news? E.g:
“You can watch as much TV as you want tonight…because grandpa died.
Also I’m not in the mood to cook, so I’ll get you a Happy Meal.”
(No, just us?).
Ok, well it’s a thing — and honestly, it works a treat. So well that we’re going to try it out here…
Good news: after dipping below $80 last week, Solana has quickly regained the $100 mark, as network activity surged in the lead up to the Solana-based ‘Jupiter‘ token launch.
Bad news: strategists are ringing the alarm bells for ‘risk assets’ (aka every cryptocurrency in existence), pointing to the fact that critical data has yet to show meaningful disinflation.
Disinflation that the Federal Reserve needs to see before it lowers interest rates.
(In turn, lowering the interest we all pay on our loans/lines of credit, and giving us all more money to spend on ‘risky’ things, like crypto).
In fact, just yesterday the Fed announced that they would not be lowering interest rates this month. If disinflation doesn’t start to show, and rates aren’t lowered as expected this year — crypto is going to take a hit.
Good news: British multinational bank Standard Chartered has projected that an Ethereum ETF will be approved in May, and push ETH’s price past $4,000.
(Kinda works, right?)
