The month of February was stuffed with traders’ hope that an earlier-than-anticipated Federal Reserve policy pivot would occur, but this sentiment faded because the inflation and employment knowledge got here in hotter than anticipated. Whereas the initiating of the month was bullish for the crypto market, Bitcoin (BTC) retraced 60% of the pass from February’s low at around $21,500 to the peak of $25,250.
Nevertheless, some narrative-pushed rallies peaceable introduced about vital imprint yelp in some altcoins. The leading narratives were Bitcoin NFTs, liquidity staking derivatives (LSDs) on Ethereum and Man made Intelligence (AI) initiatives.
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