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Volatility Returns with Force: Bitcoin Confirms It Is Not Isolated from the FED's Turbulence and Inflation
This new drop underscores that the largest cryptocurrency in the world is closely linked to risk sentiment and global macroeconomic conditions.
The rally that took Bitcoin to its all-time high of $126.251 in October was partly based on hopes for rate cuts. Now, the shift in expectations and the persistence of inflation have caused "risk assets" to be "devastated". If uncertainty persists, experts anticipate more price swings.
#Volatility #Macroeconomics #Cryptocurrencies
