Digital assets experienced significant pullbacks as many global markets exhibited risk-off behaviour in the face of interest rate hikes.

Strong early trading in digital assets allowed for a positive weekly performance, despite a steep drop following higher-than-forecast inflation figures.

Digital assets suffered as wider global macroeconomic stresses continue to drive investors away from risk-on assets.

Digital assets traded within a narrow range following a wider market drop in reaction to continued hawkish policies from the US Federal Reserve.

Digital assets retracted some recent gains, as most markets moved into risk-off mode ahead of the Federal Reserve’s annual meeting.

Digital assets grew strongly throughout the weekend, before cooling off, amidst fears of continued large interest rate hikes.