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.

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