March was a turbulent month for the cryptocurrency trade. (BTC) posted its greatest weekly shut in 10 months and led many to hope that the bear market was over. One of many principal causes for this expectation was the financial institution failure in the USA. That led traders to count on rate of interest cuts later this yr, regardless of Federal Reserve Chairman Jerome Powell’s insistence that decrease charges weren’t included within the baseline for 2023. script.
Nevertheless, there’s a danger that optimism in regards to the macro setting will likely be offset by US trade regulation. This combined setting could be very totally different from the standard bull and bear market motion that the cryptocurrency trade is used to, and impacts totally different areas of it in another way.
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