Virtually every single asset was hammered this week as there appears to be something bearish for everyone. 

Latest round of Western sanctions against Russia target its US$124 billion cryptocurrency sector. 

U.S. Federal Reserve Chairman Jerome Powell confirms money market manager sentiment that the central bank is set to hike rates by 50 basis-points in May. 

Silvergate Capital (+3.34%) sees its shares soar as it delivers outsized quarterly performance versus other Wall Street banks by catering to the growing cryptocurrency industry. 

Netflix (-35.12%) sees its shares hammered as a drop in subscriber growth has investors worried that worse is in store.  

Money market managers have fully priced in the prospect of a 0.5% rate hike by the U.S. Federal Reserve at its next policy meeting.

Billions of dollars’ worth of Ether are being used to bet that Ethereum will finally complete its ambitious shift to a proof-of-stake means of securing its blockchain. 

Japanese yen slides to 50-year low against the dollar, opening up carry trade to borrow in yen and lend in dollars as monetary policies of these two countries diverge. 

Bitcoin’s correlation with tech stocks represented by the Nasdaq 100 is at 0.60, it’s highest level in recent months.

China’s latest economic data suggesting that it expanded faster than expected in the first quarter needs to be taken with a pound of salt.