No connection between inflation and interest rates? Wait, what? Macros not affecting cryptos?? Lets see what btc does on a +10% DOW plunge. BTFD, maybe.
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No connection between inflation and interest rates? Wait, what? Macros not affecting cryptos?? Lets see what btc does on a +10% DOW plunge. BTFD, maybe.
there's no connection between inflation and crypto as well as between interest rates and crypto :) there's obviously a connection between inflation and interest rates. don't think global GDP growth is a factor in bitcoin price - don't you agree?
The Tuesday plunge proved macros and cryptos are intimately connected. The Thursday plunge may have been the first sign of uncoupling.
Global GDP dropping would likely bring crypto down, but we haven't seen that one since pre-09 so its impossible to know. I would bet that a drop in the one would produce a dive in the other, but after this week, it may be different this time.
Clearly though, up until Thursday, when the dow dipped, crypto fell.