↘️Weekly Recap: Cryptocurrencies Pull Back Despite Fed and ETF Bullishness
Happy weekend Defiers!
It was a volatile week for cryptocurrency, with many top web3 assets retreating from their recently-posted year-to-date highs.
The week began with a three-day sell-off as investors took profits gleaned from the recent rally. Traders sent $2B worth of BTC to centralized exchanges — the largest in-flow to CEXes since the market turmoil surrounding the collapse of Terra in mid-2022.
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