Market Wrap: Bitcoin and ETH fall because the white house warns the Americans to leave Ukraine
Market Wrap: Bitcoin and ETH fall because the white house warns the Americans to leave Ukraine
- More uncertainty came onto the market after the national security advisor of the White House, Jake Sullivan, who warned Americans to leave Ukraine within one or two days
- The increasing inflation has meant that investors expect more aggressive interest rate increases from the Fed what could suffocate the markets.
The White House asks the Americans to leave Ukraine
The national security consultant of the White House, Jake Sullivan, Darnated that the Americans leave Ukraine within a day or two should.
"Every American in Ukraine should leave as soon as possible and definitely within the next 24 to 48 hours," said Sullivan. "Of course we cannot predict the future, we do not know exactly what will happen. But the risk is now high enough and the threat is now so immediately that it requires caution."
He said that everyone who remains, the risk will take the fact that there may be no way to go in the near future.
"If you stay, take a risk without guarantee that there will be another opportunity to leave and without the prospect of evacuation of the US military in the event of a Russian invasion," he said.
This fueled the fears that a military strike could be imminent, which would continue to burden the markets.
inflation is faster than expected
The increasing inflation increases uncertainty and fear on the market. Inflation has increased faster than expected, which causes many to assume that the Fed will raise interest rates more aggressive. Higher interest tends to lead to less liquidity on the market and even to periodic atmosphere.
The double impact of declining messages contributed to the fact that the large markets pushed down today.
The S&P 500 had fallen by 1.9 % by the end of the trade, after it had fallen up to 2.38 % during the day. The Nasdaq had fallen by over 3 % at the end of the stock market and fell by up to 3.45 % during the day. Bitcoin, ether and other cryptocurrencies suffered similar successes, with Bitcoin fell by over 2 %. Ether had fallen by a whopping 4.65 % until the end of the stock markets.
go forward
The increasing fear in the market is likely to last as long as investors about monetary policy and tensions between Russia and Ukraine are unsettled. Investors should expect persistent volatility at this point.
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