The month of February was full of traders’ hope that an earlier-than-expected Federal Reserve coverage pivot would happen, however this sentiment light because the inflation and employment knowledge got here in hotter than anticipated. Whereas the beginning of the month was bullish for the crypto market, (BTC) retraced 60% of the transfer from February’s low at round $21,500 to the height of $25,250.
Nonetheless, some narrative-driven rallies nonetheless precipitated vital worth development in some altcoins. The main narratives have been Bitcoin NFTs, liquidity staking derivatives (LSDs) on and Synthetic Intelligence (AI) tasks.
Proceed Studying on Coin Telegraph