Digital assets recovered strongly from last week’s macro-driven fall, with Bitcoin setting new records as the market switched to optimism ahead of the new Republican administration.

Digital assets experienced major declines this week, as US economic data signalled prolonged hawkish policies and decreased the odds of rate cuts.

Digital assets recovered and moved into bullish mode again this week, as traders returned to the market following the festive period.

Digital assets experienced interweek volatility during reduced trading around the festive period, before pulling back to end up near-unchanged from the previous week.

Digital assets experienced a mixed week, reaching new record highs before pulling back sharply to record a weekly loss following a gloomy economic outlook from the Fed.

Digital assets saw modest growth this week, as Bitcoin recovered to break through the $100,000 mark once again following some significant profit-taking.