Digital assets continued their recent correction this week, as uncertainties regarding Wednesday’s FOMC meeting loomed over financial markets.

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