Last week, fighting in the Middle East continued to escalate. Against the shock of high oil prices, major global central banks collectively turned “hawkish,” the market scaled back expectations for Fed rate cuts, and crypto markets saw a highly volatile week.
Early in the week, $Bitcoin (BTC.CC)$ briefly touched $76,000, a new high since early February, while $Ethereum (ETH.CC)$ rose in tandem, with its peak nearing $2,400.
However, as the week drew to a close, cryptocurrencies pulled back. As of this writing, BTC is down 3.98% at $67,810; ETH is down 1.87% at $2,036.
At present, the Crypto Fear & Greed Index has fallen to 25, indicating market sentiment remains in the Fear zone.
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