The Sell-Off In Bitcoin Could Intensify
Hi Guys,
The cryptocurrency market experienced the worst start of the year in history, losing hundreds of billions of dollars of capitalization in just a few days. Back on Dec. 31, Bitcoin was trading at $46,500. Now, the buyers are making huge efforts to keep the rate above $40,000.
Now the reverse process is beginning. Liquidity is being withdrawn from the market. For this reason, monetary policy tightening in the US will affect the value of money and the risk premium. Let us recall that risky investments show the highest yield during periods of market euphoria, but they also demonstrate severe losses when the market goes into a panic mode.
Stay tuned for more info!
The cryptocurrency market experienced the worst start of the year in history, losing hundreds of billions of dollars of capitalization in just a few days. Back on Dec. 31, Bitcoin was trading at $46,500. Now, the buyers are making huge efforts to keep the rate above $40,000.
Now the reverse process is beginning. Liquidity is being withdrawn from the market. For this reason, monetary policy tightening in the US will affect the value of money and the risk premium. Let us recall that risky investments show the highest yield during periods of market euphoria, but they also demonstrate severe losses when the market goes into a panic mode.
Stay tuned for more info!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.