Digital assets suffered from a “flash crash” over the weekend, before a gradual recovery across the rest of the week took overall market capitalisation back to mid-October levels.

Digital assets rallied from last week’s declines, helped by news of “non-transitory” inflation from Federal Reserve chairman Jerome Powell.

Digital assets experienced a relatively stable week, with declines in Bitcoin and relatively flat performance from Ether partly offset by growth in numerous altcoins

Digital assets performed solidly throughout the majority of the week, before a sharp correction on Tuesday caused by concerns over language in the new US infrastructure bill, a Bitcoin spot ETF rejection, possible Mt. Gox Bitcoins re-entering the market, and resultant cascading liquidations of overleveraged traders

Digital assets surpassed a landmark $3tn in market capitalisation for the first time this week, spurred by new all-time highs for Bitcoin and Ethereum, before concerns about Evergrande defaulting led to a pullback with profit-taking and cascading liquidations

The digital asset market reached new highs this week, following growth from Bitcoin and several new records by Ether