How to Trade an Unusually Boring Bitcoin
Bloomberg Crypto
00:00
Is There a Catalyst to Breaking Out?
The Fed is actively raising rates, tightening monetary policy and taking liquidity out of the system. That just isn't an environment where sort of speculative asset classes are going to do that well. We've already seen this enormous depressing drawdown, which has far outpaced the declines that we've seen in the stock market. And then on the upside, even with those incremental pieces of good news, the big backdrop hasn't changed.
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