Cathie Wood Bullish on Market Recovery, Here's Why

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.
Source: MarketWatch - 🏆 3. / 97 Read more »