(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.

Investors are becoming more nervous about central bank’s hawkish attitude, as evidenced by the sharp drop in U.S. equity market prices on April 22. In 2022, the market anticipates that the U.S. Federal Reserve will hike its rate by 250 basis points. The European Central Bank will also be raising its rate in 2022. ExpectedAccording to Reuters, rates will be raised for the first-time since 2011.