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📝 What you need to know

Investors are on tenterhooks awaiting the results of the latest Federal Open Markets Committee meeting. After briefly slipping below $57,000, Bitcoin has since recovered slightly. But it’s still squarely in the red compared to this time yesterday.

It’s not hard to see why. The Fed has been saying it wants to be sure U.S. inflation is on its way to 2% before lowering interest rates. But last month’s Consumer Prices Index showed that interest had ticked up to 3.5%—the highest it’s been since September 2023. The longer interest rates remain where they are, the more reluctant investors will be to make room in their portfolios for risky assets like cryptocurrencies and stocks.

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The ever-evolving digital landscape sees continuous innovation, but in the last quarter alone, the blockchain ecosystem has witnessed remarkable transformation. Here’s a report that puts it all in perspective.

This comprehensive report is a collaboration between QuickNode, a premier Web3 infrastructure and developer platform, and Artemis, a cutting-edge institutional data platform for digital assets. Together, they offer a deep dive into the significant commercial progress unfolding across various chains and sectors within the blockchain universe.

OnChain Report 2024 Q1

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