Digital assets bounced back in a significant way this week, as chaos in the global banking market crystalised numerous key value propositions for DeFi.

Digital assets declined sharply this week, following a combination of hawkish commentary from Jerome Powell, and the downfall of industry bank Silvergate.

Digital assets traded steadily, dropping over the weekend after inflation figures exceeded expectations, before remaining within comparatively tighter ranges than most of 2023 thus far.

Digital assets experienced strong early trading, before pulling back alongside other markets following FOMC minutes that signalled continued rate hikes.

Digital assets experienced greater volatility than most of the year to date, growing thanks to a late surge after reaction to CPI figures outweighed concerns over SEC enforcements.

Digital assets experienced stable performance, maintaining last week’s levels after significant growth throughout the previous month.