THETA, LIDO, KLAY and EGLD flash bullish signs as Bitcoin recaptures $23K By Cointelegraph

The cryptocurrency markets and the United States equities markets witnessed profit-booking this week as the macroeconomic data hinted toward continued rate hikes by the Federal Reserve. (BTC) is down more than 4% and the S&P 500 fell 2.7% to record its worst week of the year.

The CME FedWatch Tool shows a 73% probability of a 25 basis points rate hike by the Fed in the March meeting but after the hotter-than-expected inflation readings in two weeks, the probability of a 50 basis point rate hike has started to slowly gain traction.