April 09, 2026MixedMedium Conviction

Daily Macro Risk Pulse

Equities rally on falling yields while crypto remains weak despite macro tailwinds, suggesting asset-specific deleveraging or regulatory overhang.

BTC$71,441-0.3%

ETH$2,193-2.5%

SOL$82.54-2.6%

Fear & Greed14Extreme Fear

VIX21.45+1.9%

DXY99.00-0.0%

US 10Y4.290%-1.2%

Gold$4,754+0.1%

Oil (WTI)$99.36+5.2%

S&P 5006,783+2.5%

RegimeMixed

ConvictionMedium

Analysis

Rate Relief Fuels Equity Surge But Crypto Lags

10Y yields down 120bps to 4.29% driving SPX up 2.51% and NDX up 2.80%, yet BTC flat at $71k and ETH down 2.5%. The divergence suggests crypto is fighting asset-specific headwinds despite favorable macro conditions. This performance gap indicates either forced selling or regulatory concerns overriding rate sensitivity.

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