Bitcoin (Magic Internet Money!) Again Proves Less Volatile Than Stocks

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Either bitcoin has now truly arrived as a macro asset or value is meaningless again since $DOGE, a cryptocurrency quite literally created as a joke, doubled in price in October. gckaloudis writes for Crypto Long & Short.

So imagine my annoyance during last Wednesday’s November edition of “Fed Policy Makers Change Rates and Then Powell Talks About It.”

This is my take as to why this happened. The market was looking for any signal of the “slowdown” of interest rate hikes Powell, and it found that in the press release. But when Powell started talking, markets reinterpreted what they’d just heard, especially because of this comment: He was then later asked about “lag effects” and Powell dropped the bombshell about it being premature to talk about a rate-hike pause. The S&P 500 puked.

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gckaloudis Ahh, but a joke nolonger

gckaloudis Multiple scenario on Bitcoin going to zero does not exist anymore i hope we see another crypto rally soon,BTC will definitely beat their ATHs anytime soon when the market recovers That why I follow B7_crypto she knows her stuff when it come to Bitcoinher TA has been helpful

gckaloudis No single coin can beat Binance it is accepted worldwide and its price is surely going to increase over all these years. It was meant to last long and it will surely last Binance

gckaloudis Dogecoin $DOGE 🚀

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The week in markets: Crypto earnings, the Fed and bitcoin back above $21,000Crypto earnings were reported through the week while the Fed delivered its fourth consecutive 75 basis point interest rate increase.
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