Digital assets erased last week’s significant gains, amidst indications that macroeconomic policies will likely remain hawkish for the foreseeable future.

Digital assets improved on last week’s performance, buoyed by news of Sam Bankman-Fried’s arrest, and reduced rate hikes from the FOMC meeting.

Digital assets experienced predominantly range-bound trading this week, dropping slightly (but outperforming stocks) on Tuesday amidst a wider market rout.

Digital assets recovered some of their recent losses, bringing them back to levels from the day of FTX’s collapse.

Digital assets had another week of relatively stable performance, despite continued news cycle domination by FTX

Digital assets had a relatively stable performance compared to last week, but market mood remains on edge and media coverage was devoted almost exclusively to the continuing fallout of FTX’s failure.