Therefore, the bounce in both equities and bitcoin could be fleeting. The Fed has raised rates by 300 basis points this year, and yet core inflation, which strips out the volatile food and energy component, rose to a 40-year high in September. However, the so-called liquidity tightening has wrecked risky assets, including cryptocurrencies.
Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'
The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies....