Over the past week, the global cryptocurrency sector has experienced an 8.3% reduction, resulting in a loss of over $220 billion in market capitalization. However, despite this decline, new bullish market catalysts have surfaced.
This week, the global crypto market cap has seen an 8.3% decrease, primarily attributed to Bitcoin ETF outflows and widespread liquidations in the derivatives markets. On March 21, there were initial indications of a market recovery following the U.S. Federal Reserve’s announcement of a third consecutive rate pause, despite observing higher-than-anticipated inflation rates for February 2024.
