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Crypto is still trading resiliently while stocks and bonds continue to plummet.
The third consecutive 75-bps hike from the Fed is taking its toll on all risk assets.
Despite losing some steam with the Merge hype subsiding, Ethereum’s upgrade should assist in its increased adoption long term.
Yesterday’s higher-than-expected CPI numbers have caused seismic shifts in both the traditional and crypto markets.
Despite macroeconomic headwinds continuously affecting both the crypto and traditional markets, crypto is still holding steady.
Significant volatility in the market can be a good sign for the overall state of crypto.
The broad market has held the line in this week’s trading, but it looks like the upside momentum has been spent.
Bitcoin struggles to outperform Ethereum and other, smaller coins.
BTC and ETH led the broad market higher this week, though we still can’t rule out more potential downside.
Despite a rough week for the crypto market, a rebound seems likely.
Weiss Ratings