Bitcoin has bounced back past $82,000 as of February 28, showing signs of recovery after dropping to lows around $78,197. Relief came after recent U.S. inflation data, specifically the Personal Consumption Expenditures (PCE) index, showed expected stability, which eased selling pressure. The latest figures indicated a slight decline in inflation, marking the first drop since ...
On January 14, Julien Bittel, Head of Macro Research at Global Macro Investor, raised concerns about the rising strength of the dollar and its effects on financial markets, including cryptocurrencies. He describes the strengthening dollar as a “wrecking ball,” tightening financial conditions and impacting the U.S economy. Despite the expectation of minimal interest rate cuts ...
The cryptocurrency Market has experienced a swift shift to a bearish outlook, particularly over the last 24 hours. Factors like Bitcoin and the S&P 500 forming a head-and-shoulders topping pattern indicate potential downturns. The rising MOVE index, which tracks expected volatility in the U.S. Treasury bond Market, reflects tighter financial conditions influencing risk aversion in ...
