(Bitcoin) value topped $25,000 on February 21, up 53% year-to-date. On the time, final week’s U.S. retail gross sales information was nicely above market consensus, so it is smart to anticipate the rally to proceed. This raised investor hopes for a comfortable touchdown within the US economic system and avoiding a recession.
The culminating success of the US Federal Reserve’s technique is to lift rates of interest and cut back the shrinkage of its $9 trillion stability sheet with out severely harming the economic system. If that miracle occurs, the end result might be worthwhile for dangerous belongings corresponding to shares, commodities and Bitcoin.
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