in crypto currencies While the fluctuation continues, we observe that the correlation continues in the global markets.
The economic recovery in the USA after the Covid-19 pandemic, of the FED monetary policy and supply problems caused by the Russia-Ukraine crisis had an impact on the markets. from Bank of America (BofA) A warning has come.
BofA strategists In a research note he published weekly, he warned that the global macroeconomic picture is deteriorating rapidly and that the monetary policy implemented by the FED as part of its fight against increasing inflation may put the US economy into recession.
warning of economic recession BofA chief investment strategist Michael Hartnett He said it will outperform stocks:
“Inflation is getting worse, the interest rate shock is just beginning, and the recession shock is coming to the economy.
In this case, cash, commodities and cryptocurrencies I think it will outperform bonds and stocks.”
outside Bank of America Mike McGlone, senior commodity analyst at Bloomberg leading cryptocurrency Bitcoin (BTC) movements have long been correlated from Nasdaq He said it was positively differentiated.
McGlone argued that Bitcoin’s departure from the Nasdaq is a positive development in the face of a potential Nasdaq bear market, arguing that this situation bodes well for BTC.