Over $100 Million dollars worth of shorts on ETH and BTC were liquidated in almost 5 minutes flat.

You can see some of the short and long data here and track the liquidations live. https://www.coinglass.com/LiquidationData

BTC has finally broken out past it's $45k sell wall briefly moving past $46k indicating that larger gains over the coming week may be quite likely.

Ethereum climbed up past $3.2k with its next resistance around $3.5k.

The US FED has promised to lower their monthly purchases of stocks and bonds, and is also starting to increase interest rates back from it's long 0% rate during the pandemic. This should put some downpressure on most stocks now that it isn't effectively "free" to continue to borrow massive amounts of money.

Obviously there's still a lot of uncertainty in the global markets with the war in Ukraine, but I don't see crypto taking any worse of a blow due to fear than regular stock and ETF options.

China is also dealing with their massive housing financial crisis, which isn't made any better bycurrent events.

With inflation at all time highs (and is NOT transitory, likely to keep increasing) crypto is proving it's a necessity for storing value outside of fiat currencies.