Crypto Rally Falters, Struggles Against 5% Equity Mark

Crypto market retreats after recent rally, struggling to regain momentum as market cap surpasses 5% of US equities, a level last seen during the 2021 peak.
Bitcoin down over 15% since March 14, below $62,000, leaving recent buyers underwater. With the Fed maintaining higher rates, uncertainty looms over the ability of digital assets to break past the 5% ceiling.
Total crypto market capitalization surged to $2.77t on March 14, up $1.2t in just over 3 weeks, highlighting the challenges faced by the crypto market amidst recent volatility. $Coinbase(COIN.US)$