Bitcoin and Ethereum Prices Spike Thanks to This Crypto Market Paradox

soared by 8.5%. It would seem that with a worsening economy, one would expect the two major assets of the riskiest financial market to decline, but investors have once again witnessed the paradox of good"bad" news.

According to the well-established narrative, the positive was triggered by the assumption that for the U.S. Fed, rising unemployment could be an argument to revise its hawkish monetary policy and slow down the pace of the Fed rate hikes. That said, the trend for a slowdown is present as the focus of the regulator shifts to the height of the rate hike, which follows from yesterday's speech by Fed Chief Jerome Powell.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The crypto market bottom is ‘almost in’ — Market Talks chats with trader Korean Jew CryptoIn case you missed this week's Market Talks, we had koreanjewcrypto on to discuss trading the FOMC and the recent 100%+ pump on DOGE.
Source: Cointelegraph - 🏆 562. / 51 Read more »

CZ explains why it's so important to be building during the bear marketWith falling valuations and developer salaries, CZ says it's an ideal time for projects to invest in their future. Everyone knows to buy at the lows, but who knows where the real lows are?
Source: Cointelegraph - 🏆 562. / 51 Read more »