Overview

• Cryptocurrencies experienced mixed performance, with Bitcoin and Ethereum showing slight gains amid skepticism over Federal Reserve rate cuts in March.
• Institutional interest in cryptocurrencies remains strong, as evidenced by MicroStrategy's acquisition of additional Bitcoin and the ongoing inflow into Bitcoin ETFs.
• The global cryptocurrency market cap sees slight increases, reflecting cautious optimism among investors.
• Recent layoffs and strong labor market data contribute to conflicting market signals, influencing investor sentiment and market dynamics.
• Solana experiences a major outage, highlighting the technical challenges facing blockchain networks.