This week’s Fed meeting has been viewed hawkishly by the broader market, and asset prices reacted negatively to the plan to begin to raise interest rates come 2023. Bitcoin fell slightly putting a recovery in crypto on hold, while major stock market indices tumbled on the news. Volatility was even more significant in the traditionally […]
Bitcoin seems to be more correlated with the stock market since the Covid-19 pandemic went global in 2020. The first cryptocurrency by market cap has been rejected for the second time around the $40,000 and now trades slightly south at $39,954, at the time of writing. A new study published by the Singapore bank DBS […]
Investors are cooling on gold as its digital rival Bitcoin takes the front seat in the race between the hottest hedging assets against inflation and fiat devaluation.
Tensions between the United States and China in the past led to an increased interest in Bitcoin and gold in the past. But now that the economy is on thin ice due to lockdown conditions, worsening relations between the two countries are expected to have a negative impact on the assets in the near term. Could heightening tensions between US and China be responsible for Bitcoin’s waning momentum? Bullish Beginnings Emerge From Early Trade Tensions […]
