Xponential Crypto Monthly Market Update
drearySyrup3
May 12
The crypto market has been in a bear market since mid-November mainly due to fundamental changes in the macro-environment which include the expectation that the FED will raise interest rates four times this year, the shrinking of its balance sheet, the lifting of its pandemic asset purchase program within Q1-Q2 and a decline in growth stocks. Crypto is now widely considered as a risk asset in the short term and thereby correlated with tech/growth stocks. The crypto market appears to have full...
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