Football, Graphics and Gaming



 
Football, Graphics and Gaming :: General :: General Talk :: Bitcoin - View Topic
Topic Rating: *****
Printable View
Fall
New Member
*

Posts: 2
Status: Offline
Joined:  

pm

Reputation: 0%  

Bitcoin (30th Nov 21 at 3:06pm UTC)
Bitcoin has been under pressure since reaching a record of almost $69,000 Nov. 10 on enthusiasm over the first U.S. exchange-traded fund linked to futures of the digital asset. But a multitude of factors have weighed on returns since then, including greater regulatory risks as well as many tokens having run up very quickly in a short period of time. Maley says that Bitcoin’s recent moves also show that should the Federal Reserve withdraw its stimulus in a more aggressive fashion next year, cryptos could become vulnerable.

Fiona Cincotta, senior financial markets analyst at City Index, says Bitcoin does tend to act like a riskier asset that tracks moves in the stock market, but that there are times when that relationship isn’t as strong — for instance, when hotter-than-expected inflationary prints come through, Bitcoin can hold up well during those periods.

“So there are times when I think Bitcoin does act as a riskier asset and it traces the stock market higher, but there are times as well when that’s not necessarily the case,” she said by phone. “It does have other contributing factors which drive it.”
KorioSmith
New Member
*

Posts: 2
Status: Offline
Joined:  

pm

Reputation: 0%  

Re: Bitcoin (30th Nov 21 at 7:26pm UTC)
Why is everyone so focused on Bitcoin? This is not the best option for a person with an average income right now. I would pay attention to what usually stands in the shadows, for example, the Cardano network. Are you already interested in ada-staked? I recommend reading this all and comparing it with the results that you have with other crypto.
 Printable View

All times are GMT+0 :: The current time is 10:36am
Page generated in 0.0803 seconds
Purchase Ad-Free Credits
This Forum is Powered By vForums (v2.4)
Create a Forum for Free | Find Forums