Ahead of the curve - March 28
Consolidating in chaos
BTC reigned largely stable in another hectic week of volatile macro conditions seeing a weekly return of -3%. After pushing 40% gains over a ten-day span, a period of consolidation should surprise no one, and this plateauing is typical.
Three distinct market events caused downside volatility
The FOMC meeting: Rates hiked by 25bps – still slightly dovish?