Altcoins stage broad rally after CLARITY Act failure and Fed rate hike
- —294 of the top 300 tokens advanced, only 6 declined
- —BR gained 393% on the week, DRV 174%, ZAMA 108%
- —NEAR +88.5%, BCH +63.5%, UNI +63.4%, APT +57%, ARB +52.9%
- —BTC rose 13.2% and ETH 13.9% over the same period
Why it matters: The market absorbed the CLARITY Act failure and the Fed hike, but analysts warn of a sharp correction risk after the rapid rally.
Source: Bloomingbit