Tag: Concoda

While Wall Street suffered its sharpest daily decline yesterday, BTC has already been in retreat for more than two weeks, losing more than 20% from its peak of nearly $42,000 and oscillating at $31,000. Some experts believe the crypto bull run, like the current stock rally, is fueled by a promising economic outlook and the U.S. Fed's easy money policy. The U.S. Fed said that the economic outlook is not so good anymore, but an easy money policy will be upheld. Both would be necessary to let BTC go further north or prevent it from collapsing.