(BTCMany altcoins and cryptocurrencies are trading within a narrow range over the weekend. This suggests that investors remain uncertain about their next direction. Traders may be waiting for Wall Street to open before placing large directional bets because Bitcoin has been tightly correlated with the S&P 500 in the past few days.

According to the US Equity Markets, investors have become more concerned about central banks’ hawkish policies. This is evident from the sudden fall of the equity markets in America on April 22. Market expectations are for a U.S. Federal Reserve rate increase of 250 basis points in 2022. Additionally, the European Central Bank has been To be expectedAccording to Reuters, rates will be raised for the first-time since 2011.