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SPX, DXY and ETH, BTC, BNB, XRP by Cointelegraph

Price analysis 10/21 SPX, DXY and ETH, BNB. XRP, ADA. SOL. DOGE. MATIC

The stock market in the United States rose at its highest level since 2008. This type of rally is usually bad for risky assets. However the U.S. stock exchanges recovered ground after the Wall Street Journal reported about some Federal Reserve officials were concerned About the pace of rate hikes and the potential for over-tightening.

Although it is generally accepted that the U.S. will enter recession, there is much debate about how long it could last. Tesla (NASDAQ: CEO) has some words of wisdom. Recent comments by Elon Musk on Twitter that the recession could last “probably until spring of ‘24,” and added that it would be nice to spend “one year without a horrible global event.”

Daily cryptocurrency market performance. Source: Coin360