Appetite for Risk Grows in the Market Amid Silver Rally and Movements in Cryptocurrencies
According to information from ChainCatcher, cryptocurrency trader Ran Neuner highlighted that the market has clearly entered a phase of greater risk exposure — something that many still have not noticed due to the absence of stronger variations in the price of Bitcoin.
Silver has reached a new historical peak, entering a breakout and accelerated impulse cycle. Being frequently considered an asset with behavior similar to gold, but with greater volatility, its performance reinforces the reading of increased appetite for risk.
In the crypto sector, the ETH/BTC pair surpassed the 50-week moving average and continues in an upward trend, reflecting a more aggressive stance from investors. In the stock market, the Russell 2000 index also broke important levels, indicating the same risk inclination.
Additionally, the Federal Reserve began a process of monetary expansion earlier than expected, which suggests the start of a quantitative easing cycle.
According to Neuner, selling pressure on Bitcoin is expected to decrease soon, paving the way for a strong recovery movement.
