Week-38-2022 Macro Review

Updated: Oct 10

Both crypto and US equities markets finished the last week with losses again. Bitcoin went down by

over 3% compared to the previous week, closing at 18.696 on Sunday. ETH finished the week lower by roughly 3%. US Equities dropped by around 5% again, with NASDAQ closing at 10.867 and S&P closing at 3.693 last Friday. The further correction in prices was mainly fuelled by the outcome of the FED’s monetary meeting held on Wednesday 21st September 2022 and their more aggressive rate projections than expected.


US CPI

Source: Statista

MACRO_REVIEW
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