🌀 Weekly Recap: Market Turmoil Returns

The Defiant

Weekly Recap

Happy weekend Defiers!

Markets abruptly took a turn to the downside this week after newly-published Federal Reserve minutes forecast that a new round of interest rate hikes could be around the corner.

ETH dropped to its lowest level since March while Bitcoin erased two months of gains on Aug. 17. By the time the dust had settled, more than $1B worth of leveraged digital asset positions had been liquidated amid the volatility.