Crypto Index Tracker: DeFi Leads Crypto Recovery
- By Dalvir Mandara
- 4 min read
Crypto markets have had some relief this week after last week’s series of central bank rate hikes. Bitcoin opened the week around $18,800 before rallying to weekly highs of around $20,300 on Tuesday. It is currently trading at around $19,600, which is marginally positive WoW. Ethereum followed a similar path, though it continues to underperform bitcoin – the ETH/BTC cross is still in a broader downwards trend (it is currently around 0.07).
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.