A weekly report on some of the biggest moves in crypto markets, with commentary from industry experts.
Altcoins suffered heavier losses throughout the week, with ADA and SOL losing about 13.1% and 7.9% respectively.
Bitcoin and ether edged lower this week after whipsawing on Thursday following the latest inflation figures out of the U.S. Meanwhile, altcoins suffered heavier losses throughout the week, with ADA trading down more than 13% at $0.36 and SOL losing 7.89% to trade at $29.95.came in hotter-than-expected on Thursday as core inflation hit a 40-year high.
"We probably won’t see anything like a disorderly dump of stocks, but rather some highly leveraged portfolios decreasing their risk exposures to avoid more extreme volatility. The market overall has been gradually dropping year to date, despite a few small rallies, and many contrarians have already called this the bottom," Yang said.A 75 basis point rate hike would bring the target Fed Funds rate to 3.75-4%, from its current position of 3-3.
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