It looks like crypto isn’t correlated to traditional markets, at least not during this past session.
Investors aren’t ready to give up on equities yet.
Last week, inflation data exceeded analysts’ forecasts and jumped by a good margin. This spooked investors who sold risk assets, and it saw major US equity indexes break a 5-week winning streak.
Yesterday I mentioned that some investors in traditional markets took profit off the table due to inflation data about to come out. It came out, and it turns out it’s the highest in about three decades.
If you’re trading traditional assets, you’ll notice a slight pullback, maybe just a pause, from the incessant bull run we’ve been on.
It’s another day and another flurry of all-time highs.
Bringing digital assets to the world.
EQONEX is a digital assets financial services company focused on delivering a full, digital asset ecosystem that offers innovative, trusted, and transparent products and services.
© 2022 EQONEX Capital Pte Ltd
All rights reserved.