Yesterday, financial markets received the fastest monetary pol | FxPro

Yesterday, financial markets received the fastest monetary policy tightening in almost 30 years, which has hardly added to the appeal of cryptocurrencies for the foreseeable future.

Investors and traders should be prepared that yesterday’s rebound could choke out rather quickly. We need to be ready that cryptocurrencies and risky assets in financial markets are unlikely to reliably bounce back before there are signals that the economy has stopped slowing. The Fed is no longer tightening its rhetoric.

Despite the massive fall in the crypto market, MicroStrategy CEO Michael Saylor continues to express confidence in bitcoin’s growth. He said the company is safe, has enough collateral for its loan, and could survive a BTC’s fall as low as $3562. MicroStrategy has already lost more than $1.2 billion due to the decline in BTC.

According to a Bank of America survey, 90% of Americans plan to buy cryptocurrencies in the next six months.

According to market veteran Peter Brandt, people are willing to buy anything in the hope of an “ace” but end up losing their hard-earned money.