Crypto remains hopeful as market moves sideways: Report By Cointelegraph

After a turbulent month for the crypto industry in March, Bitcoin’s (BTC) price went sideways in April despite some volatility. The meteoric rise of memecoins, such as PEPE, made headlines, and First Republic, another mid-sized United States bank, went under. However, on the basis of current market sentiment is a standoff between markets and policymakers: While the U.S. Securities and Exchange Commission Chairman Jerome Powell publicly states that interest rates are unlikely to come down this year, the markets for risk-on assets like crypto have firmly priced in a pivot in the coming months.

In times like these, it is wise to drill deeper into the fundamentals that will shape future market movements. With an uncertain macro environment and a looming regulatory crackdown in the U.S., there are other notable developments that are easily drowned out by these dominant news items.