Markets Await Fed Decision, ARB Airdrop
Mar 20, 2023
Market Update It is another wildly consequential week in global markets as the worldwide banking system continues to fend off liquidity concerns, and traders brace for a decision from the Fed on interest rates following their meeting on Wednesday. Bitcoin is coming off one of its best weeks in history, closing the week up 35% and moving north of $28k for the first time since last June. This afternoon, $BTC (+0.4%) is trading relatively flat compared to 24 hours ago, while $ETH (-1.8%) and other large-cap cryptoassets are seeing some slight pullback. The large-cap outperformer is $SOL (+5.4%),