Uncertainty Will Impact Bitcoin Price

0

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

The FRED Equity-Related Economic Uncertainty Index reached its sixth-highest reading ever today, as liquidity continues to dry up for risk assets. Spikes in this index typically coincide with significant drawdown periods in the S&P 500 Index.

FRED equity market-related economic uncertainty demonstrates fundamental macroeconomic issues and ultimately impacts the bitcoin price.

Bitcoin’s monetary competition is flailing as evidence mounts that the “everything bubble” will soon pop.

FRED equity market-related uncertainty corresponds with S&P 500 drawdown.

Leave A Reply

Your email address will not be published.