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Despite a rough week for the crypto market, a rebound seems likely.
After taking a hit from recent inflation worries and liquidity issues, crypto is getting back on its feet.
Only once BTC finds a floor can the alts hope to do the same.
The crypto market faces strong short-term headwinds, though the broad market is holding steady so far.
The market leader continues gaining ground on the broader market while trading is uncertain.
Crypto has finally decoupled from the equity markets. While that was to the downside, if the lack of correlation can continue, this could be a long-term blessing in disguise.
Crypto stabilized over the past several days, with the broad market in a tighter range since the May sell-off.
The crypto markets have taken a beating this week, but market leaders are making small showings of strength.
Crypto, technology stocks and other risk assets sold off after the Fed’s announcement on Wednesday of raising interest rates 50 basis points.
It looks unlikely that crypto will decouple from tech stocks this week as both fall to pressure stemming from the Fed policies.
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