Good morning Asia, here's how the markets are moving today: 1. Bitcoin held firm above $28K for much of the weekend as investors await new productivity, jobs data. 2. Decentralized-focused tokens had a banner quarter. TheSamReynolds, JPRubin23 write
over decisions it had already implemented, including sending nearly $1 billion in tokens to itself. On Sunday, the foundation said would break up its controversial governance package into a series of separate votes, bending to community pressure.CoinDesk Market IndexEquity markets closed an eventful, largely upbeat first quarter on a high with the tech-focused Nasdaq climbing 1.7% and the S&P 500 and the Dow Jones Industrial Average rising 1.2% and 1.4%, respectively.
This week, Investors will have a fresh set of employment and productivity data to gauge whether the U.S. economy is continuing to contract as recent signs have suggested or powering forward. The U.S. Census Bureau will release February durable goods orders on Tuesday, with expectations for a 1% month-over-month decline, and on Friday the U.S.
In an interview with CoinDesk TV, Marc Chandler, Bannockburn Global Forex managing director and chief market strategist, said that"the financial stress that we saw earlier this month is receding." "This is allowing the market to focus on two things, which was before the banking stress," he said, adding a note of caution."One is that the labor market remains fairly robust. And inflation is too high for the Federal Reserve."
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