Since the beginning of the week, the quotes of most leading crypto assets have been declining but after the publication of the results of the US Federal Reserve meeting they resumed growth, winning back lost ground: BTC is trading around 66500.00 (–2.4%), ETH is at 3500.00 (–3.8%), USDT – around 1.0008 ( 0.1%), BNB – near 580.0 ( 1.2%), and SOL – around 180.00 (–10.4%). The total market capitalization amounted to 2.53T dollars, and the share of BTC on it decreased to 51.6%.

At the beginning of the week, negative dynamics developed against falling investment volumes in Bitcoin ETFs, reports of increased pressure on the second world cryptocurrency, as well as uncertainty regarding the future monetary course of the US Federal Reserve. Spot Bitcoin ETFs have recently seen net outflows, totaling more than 740.0M dollars in the first three days of this week. The caution of large businesses could be due to the anticipation of the results of the March meeting of the regulator and fears that officials may hint at the possibility of postponing the start of interest rate changes to the second half of the year. In addition, the business magazine Fortune informed that the US Securities and Exchange Commission (SEC) had sent several unnamed companies requests to provide financial documents concerning cooperation with the Ethereum Foundation. According to CoinDesk, employees of the Ethereum Foundation itself also received a confidential request. Experts fear that these actions are part of preparations to recognize ETH as a security, which could make it difficult to launch an ETF based on it. In addition, at the beginning of the week, there was an outage at the BitMEX crypto exchange, where the BTC spot rate unexpectedly reached 8900.0 dollars, as a result of which traders could lose more than 4.0M dollars. The management of the trading platform stated that it is investigating the incident and blocking suspicious accounts that may be involved.

The general decline in the sector continued until Wednesday, after which assets resumed growth and regained some of the lost positions against the results of the meeting of the American regulator, whose officials left the interest rate at 5.50%, confirming the forecast of a three-fold decrease in the rate this year. At the same time, the head of the department, Jerome Powell, said that the acceleration of inflation in January-February did not change the general trend toward a slowdown in the growth rate of consumer prices. Thus, investors are counting on a transition to a dovish rate in June, strengthening alternative assets against the US currency.

Despite the current resumption of upward momentum, the medium-term prospects for the movement of digital assets are as uncertain: analysts believe that prices will continue to rise ahead of the halving in the BTC network but there is an opinion that the market is expecting a correction soon. Thus, in 2016 and 2020, 2–4 weeks before halvings, the token decreased by 20.0–40.0%, which is not excluded now.

Next week, the quotes of most leading digital assets may move towards consolidation.