The Sandbox experienced a surge in price due to the growing popularity of its AI narrative. Meanwhile, BTC tested a key tech level, while the upcoming Shanghai upgrade of ETH has many investors excited. Overall, the question remains: will digital assets experience a soft landing or a hard bounce soon?
Digital asset majors stall higher before pressing to new highs for 2023. BTC Markets unveils the latest mobile app release: Portfolio enhancements, including tracking your portfolio over time! Correlation between Fed policy and financial markets reminds markets, “don't fight the Fed."
Markets take pause to digest latest data from global central banks. Australian Treasury releases Token Mapping Consultation paper. Digital asset majors stall higher but continue to consolidate above local support.
Markets attempt to stay one step ahead of the curve of Feb FOMC press conference. Nasdaq prints its strongest January in over two decades. Bitcoin lifts 39.95% in January, Ethereum adds 32.73%, and total crypto market cap closes above US$1.01 trillion.
Bitcoin and Ethereum consolidate at higher levels, above US$22,500 and US$1,500 respectively. Global central bank policy and earnings season drive action in major global markets. Macro volatility paints a mixed picture of strong price-appreciation against increased talks of recession in major economies.
Bitcoin, Ethereum, and XRP reach highs upwards of 30% from the start of 2023. Markets rise on signs of cooling inflation and decreased bond volatility. Dynamic macro drivers from the US, Japan, and China impact markets. Europe’s Markets in Crypto Assets (MiCA) scheduled for April 2023.