ETH falls below the $2900 mark

Nexo's total loan amount reached $2.03 billion, a year-on-year increase of 69%. Driven by the post election market rebound, the demand for cryptocurrency mortgage loans reached a new high. Bitcoin accounts for 54% of the collateral, while the proportion of altcoins has quietly risen to 32%. （CryptoQuant）

The company's holdings, which include bitcoin and ether, have been managed through trading and hedging strategies since 2017.

[Federal Reserve's Goolsbee: 50-Year Mortgage Rates May Weaken Monetary Policy Impact] Federal Reserve's Goolsbee stated that 50-year mortgage rates could potentially weaken the impact of monetary policy decisions.

[Federal Reserve's Goolsbee: Significant Slowdown in New Job Creation] Federal Reserve's Goolsbee stated that the number of new job positions has shown a significant slowdown.

[Federal Reserve's Goolsbee: Inflation May Persist for Months Without Improvement] Federal Reserve's Goolsbee stated that the inflation situation does not seem to improve quickly and may even persist for months, which makes him feel increasingly uneasy.