Welcome to Uphold’s Up of the Day. Please note, this is NOT financial advice.

Will Jerome Powell drop the F-bomb on Congress?

The markets are currently focused on two key questions: 

- Will Powell suggests a 50 basis point hike when he testifies before Congress this week? 

- Will nonfarm payrolls surprise us on Friday?

Despite signs of hawkishness and declining earnings outlooks, US stocks and Crypto are holding up so far.

One potential opportunity we’re looking at is the Ethereum Layer 2 Optimism. Optimism is being used by Coinbase for its new BASE chain. and this could attract many developers to create monetizable dApps. 

Like many great projects, $OP has been available on Uphold since day one and is definitely worth checking out!

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Uphold's Up of the Day - March 7, 2023

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