MARKET VOLATILITY TO ACCELERATE THIS WEEK

The crypto market continues to move higher, well know projects like Aptos and Fantom saw the largest gains and so too lesser-known ones like Threshold and Ecash. What makes the current rally different from the previous one is mostly Bitcoin drive. BTC has consistently seen larger gains than most large-cap altcoins when historically, it's been vice verse. This new trend is been reflected in Bitcoin dominance and can also be clearly seen in altcoins trading pairs against BTC namely ETH/BTC. ETH has been abnormally weak against BTC of late. This is both confusing and concerning considering this has apparently been an institution-driven rally.

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It's confusing because ETH was considered to be more appealing to institutions after Ethereum transitioned to proof of stake. The continued preference for BTC over ETH is very concerning because it suggests institutions aren't as certain about ETH for whatever reason. This could be because of concerns around Ethereum's upcoming Shanghai upgrade where validators will be allowed to claim their ETH stake and staking rewards. It could also be because of concerns about a potential crake down on another larger cap altcoin which could create uncertainty for ETH. The reason is arguably irrelevant because it looks like this BTC-driven rally is finally about to run out of steam. BTC's daily chart reveals the positive trading volume has been on the decline. The MACD indicator also suggests that the trend reversal is imminent.

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It is a similar story on BTC's trading chart where positive trading volume is likewise slowing. The 50-week moving average is about to cross the 200-week moving average from above. This would create a death cross that could push the entire market lower. The outcome of this technical analysis trends will occur this week. This is not a coincidence considering that the Federal Reserve will be announcing how much it's raising interest by this week. We can expect market volatility to accelerate this week. The FED is unanimously expected to raise the interest rate by 0.25%. Even if the rate hike meer investor expectation, FED chairman Jerome Palwell could collectively kick investors with his hawkish rhetoric. Jerome has done this before and many believe it's likely given that the FED is unhappy will the recent across rally in all markets.