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

1. The FOMC meeting: Rates hiked by 25bps – still slightly dovish?