The Rollercoaster Ride Continues
Mar 10, 2022
• 12
Min Read
Author
Weekly Recap
The global crypto market continues to exhibit a range-bound choppiness, waxing and waning on the latest headlines. We saw $ETH and $BTC start the week above the $43k level after benefitting immensely from Russian sanctions and the narratives surrounding them.
Since then, markets have retreated as commodity prices skyrocket – oil hit $130 per barrel, wheat prices reached a 14-year high, and a metal exchange had to roll back transactions and limit trading because nickel prices were getting out of hand.
Such price action had many in traditional markets beating the “stag...