A lower-than-expected CPI release on Tuesday sent BTC higher towards $18,000 after seven days of contracting volatility. New macro catalysts await later this week, with Wednesday's FOMC being the most potent catalyst ahead.
Apart from the CPI, markets have been rather quiet. Institutional activity has dwindled down after a brief spike, and structurally, volumes and flows remain stagnant.
We cover the state of the market, in this seventh edition of our new market report, "Ahead of the curve".