↘️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.