Digital assets suffered major losses this week, after record inflation figures led to sell-offs and recession fears across global markets.

Digital assets had another week of stable performance, as Bitcoin continued to fluctuate around the $30,000 mark.

Digital assets performed steadily with overall minor declines, with Bitcoin rising as markets reacted positively to Chinese lockdowns easing.

Digital assets traded in narrow ranges at relatively low volumes this week, as the market continues to recover from the Terra blockchain crash.

Digital assets recovered some of last week’s losses, but sentiment remained bearish following the fallout of the Terra blockchain’s collapse.