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Cathie Wood Bullish on Market Recovery, Here's Why

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Ark Invest CEO CathieDWood remains optimistic and believes that the most brutal interest rate increase in history is coming to an end

has experienced significant growth in recent years, but it is still a relatively new and volatile asset class. Interest rate fluctuations can impact crypto markets, as higher interest rates can lead to a stronger U.S. dollar and increased borrowing costs, which can limit the appeal of risk assets. Conversely, a drop in interest rates can lead to a weaker U.S. dollar, which can boost the appeal of high-yielding assets, including cryptocurrencies.

Woods' views on interest rates and inflation may bring some relief to investors on the cryptocurrency market, which has recently experienced a decline in prices. As of writing, the price of Bitcoin, the largest cryptocurrency by market capitalization, was trading around $24,000, down from its all-time high of around $64,000 in April.

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Cathie Wood: Bitcoin and Ethereum are ‘on the right track,’ despite collapse of several crypto companiesEther has been ushering in a financial services “revolution,” said Cathie Wood, chief executive at ARK Invest. Wood’s flagship Ark Innovation ETF fell more than 67% in 2022, but has regained about 24% so far this year.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »