newsletter explaining what happens in crypto markets – and why., declining by more than 20% from its record high in January. Volatility remains elevated in both stocks and cryptos, while gold, a traditional safe haven asset, ticked higher on Friday.
On the macroeconomic front, some analysts expect selling pressure to wane in stocks, which could benefit cryptos short term. Bitcoin has been increasingly correlated with the S&P 500 over the past year. "It is premature to worry about an approaching recession until the bond market and central banks push monetary conditions into restrictive territory, which we do not expect in 2022,"
wrote in a Friday email. The firm expects a window of opportunity for equity markets to rebound as global growth conditions prove resilient, assuming interest rate expectations and bond yields calm down soon.
I continue to allocate usdt to buy promising defi tokens
Bitcoin is online gambling, it’s finished
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