Bloomberg explains why global markets and Bitcoin are falling.
💥Global markets have fallen — and cryptocurrencies have also, as usual, followed the path of high-risk assets. Bloomberg explains the main reasons as follows:
🔴Japan shocked the markets; proposed the likelihood of an interest rate hike in history on December 19. The yen strengthened, crypto trading deals reversed, and Japanese investments exited foreign assets.
🔴American data in the spotlight: cost indexes, employment, and ISM - large funds are awaiting the release of data.
🔴Uncertainty regarding the Fed: markets are awaiting the meeting on December 10 and also potential changes in leadership.
🔴Cooling of the artificial intelligence rally: the MSCI Tech index has fallen for the first time in 7 months.
🔴China's weakness with yet another decline in production.
🔴Cryptocurrency movements are still entirely macroeconomic. 💡Bitcoin has fallen below 86 thousand dollars, and Ethereum below 3 thousand dollars.
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Bloomberg explains why global markets and Bitcoin are falling.
💥Global markets have fallen — and cryptocurrencies have also, as usual, followed the path of high-risk assets. Bloomberg explains the main reasons as follows:
🔴Japan shocked the markets; proposed the likelihood of an interest rate hike in history on December 19. The yen strengthened, crypto trading deals reversed, and Japanese investments exited foreign assets.
🔴American data in the spotlight: cost indexes, employment, and ISM - large funds are awaiting the release of data.
🔴Uncertainty regarding the Fed: markets are awaiting the meeting on December 10 and also potential changes in leadership.
🔴Cooling of the artificial intelligence rally: the MSCI Tech index has fallen for the first time in 7 months.
🔴China's weakness with yet another decline in production.
🔴Cryptocurrency movements are still entirely macroeconomic.
💡Bitcoin has fallen below 86 thousand dollars, and Ethereum below 3 thousand dollars.