Post
margull Rani
This wave of BTC and ETH decline actually aligns with the Nasdaq's drop in the US stock market.
Once Federal Reserve Chair Powell turned hawkish, the expectation for a rate hike in September immediately increased.
The Nasdaq corrected accordingly, and of course, BTC and ETH, which have higher risk appetite, naturally corrected more. Even gold fell quite a bit, not to mention the so-called digital gold BTC.#WalshInflationRisk #BTCGoldCorrelation #SchwabExpandsCrypto
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