By Bitcoin Журнал - 2 жыл мурун - Окуу убактысы: 2 мүнөт
кантип Bitcoin Market Reacted To Federal Reserve Comments On Ongoing Inflation
The bitcoin market reacted to comments by Federal Reserve Chairman Jerome Powell about the rising risk of persistently high inflation.
Төмөндө Deep Diveдин акыркы басылышынан алынган, Bitcoin Журналдын премиум-базарлары жөнүндө жаңылыктар. Бул түшүнүктөрдү жана башка чынжырчаларды биринчилерден болуп кабыл алуу bitcoin базар талдоо түздөн-түз сиздин кутусуна, азыр жазылуу.
Ичинде Daily Dive #102, we highlighted the rising DXY (U.S. Dollar Currency Index) in 2021 and the negative impact it can have on bitcoin’s price. Today, with Federal Reserve Board Chair, Jerome Powell, talking about the rising risk of persistently high inflation in the United States and a potential accelerated taper, DXY, SPX and bitcoin markets immediately reacted. The DXY jumped over 1% with both the S&P 500 Index and bitcoin falling in tandem.
The $DXY and $SPX react to Powell's comments regarding inflation and tapering. The bitcoin market fell following Powell's comments.Over the last few days, we’re seeing rising and elevated market volatility as well with the VIX spiking over 54% last Friday, which is the fourth largest one-day percentage increase in its history. This is a cautious sign for investors to expect volatility in the near term.
$VIX saw one of its largest increases in history. Source: Charlie Bilello, CompoundThe Federal Reserve’s position is an incredibly difficult one: the choice between saving the bond market or sustaining the U.S. economy. An accelerated taper brings us closer to interest rate hikes which are the only way to help fixed-income investors saddled with real negative yielding U.S. debt, as inflation runs hot over 6%.
On the other hand, expectations of accelerated tapering with plans for interest rate hikes will drive down asset prices as extra liquidity in the system winds down and the cost of capital increases, negatively affecting current equity valuations. The SPX fell 1% in 15 minutes on yesterday's announcement.
Original булагы: Bitcoin журнал