Interesting recovery in the crypto market. If you remember, a few days ago there was a serious crash—Bitcoin fell by 5%, and Ether could barely stay above 2000. The reason was a poor US employment report, when the jobs report showed a loss of 92 thousand jobs and unemployment rising to 4.4%. This created panic because the Fed was trapped—it can’t cut rates due to inflation, but raising them is dangerous.

Back then, altcoins were hit the hardest. Solana fell by 6.47%, Cardano by 4.70%, and even BNB dropped 3.77%. Ether fell faster than Bitcoin, even though it’s usually considered the more stable option. The entire market was 72% correlated with the S&P 500, traded exclusively on the wave of economic anxiety, and the fear index fell to 23 out of 100.

Now the situation looks different. Bitcoin has recovered to 77.5 thousand, eth is already above 2.3 thousand and is showing a slight increase. Even altcoins are back in the green—Solana, Cardano, and Dogecoin are rising. The market is waiting for the Fed meeting on March 18; any hints of rate cuts should bring capital back into risk assets. For now, we’re holding steady, but volatility will remain high until a specific catalyst appears from the central bank or regulators.