Market Wrap: Bitcoin, Ether, while retailers are preparing for the upcoming volatility

Von Krypto News Österreich

  • Bitcoin and other cryptocurrencies were strong on Thursday because the dealers tried to secure the latest profits
  • Fed boss Jerome Powell said that the Ukraine Russia conflict could worsen inflation and supply chain problems

! Function () {"Use strict"; Window.Addeventlistener ("Message", (function (e) {if (void 0! == e.data ["datawrapper-Height"]) {var t = document.queryselectorall ("iframe"); for (var a in E.Data ["Datawrapper-Height"]) for (var r = 0; r Most top cryptocurrencies suffered a blow on Thursday and were sold out after remarkable pumps at the beginning of the week.

Bitcoin rose by a further 7.5 %within five days, since the digital asset at the beginning of the week regained its correlation with safe ports such as gold and government bonds, since the conflict in Ukraine aroused interest in such games.

However,

Bitcoin fell while gold on Thursday, which indicates that the correlation is not absolutely, especially if you take other factors into account that drive the typical volatility in the markets for digital assets.

The chairman of the US Federal Reserve, Jerome Powell, said on the second day before the Senate Banking Committee and said inflation would probably increase and the conflict between Ukraine and Russia was a worrying development for an already overloaded global supply chain

"We will see an upward pressure on inflation at least for a while", said Powell . "The [Ukraine-Russia War] will not help with supply chains because ships are not unloaded."

request for unemployment support in February test report that indicated a two-month low that the effect of the Omicron Labor market could decrease.

The S&P 500 fell by 0.53 % on Thursday, while Nasdaq and Dow lost by 1.46 % and 0.29 %. Persistent downward movements in the past month are probably the result of geopolitical conflicts and inflation that investors leave behind in a persistent waist.

Bitcoin fell strongly and lost $ 1,855 or 4.27 %until the end of the stock market trading times. Ether suffered an even greater blow and lost 4.75 %. Anchor Protocol, which operates crypto savings accounts, was the biggest winner among the top coins after market capitalization for two days in a row and rose by another 9.7 % after yesterday's profit of almost 13 %.

It is not clear why Anchor made such large profits.

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go forward

Bitcoin, other cryptos and stocks all fell on Thursday, while gold, other safe ports and defensive stocks jumped. It remains to be seen whether Bitcoin is traded together with Safe harbor systems if retailers analyze the influence of the typical crypto volatility on market movements.

Volatility should be a load-bearing pillar of the market in mid-March and during the Ukraine conflict.

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The Post Market Wrap: Bitcoin, Ether Fall as Traders Brace for Volatility Ahead is not a financial advice.