2-year low daily volatility

The crypto market remains heavily rangebound in a low volatility environment as BTC and ETH see slight gains of 2% and 3%, respectively, after a tranquil week in the market.

The last week has been flat, except for Thursday’s CPI release. The CPI release introduced volatility to the market, as CPI once again came in hotter than expected. This caused interest rate hike expectations to increase as the market fully priced in a 75bps hike by the FED in the coming FOMC, causing knock-on effects on asset prices, leading most assets to move in a highly correlated manner.

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