Crypto Update | Trading Domestic Stability for Geopolitical Virtue Signaling
Markets Outlook
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Is Bit Coin Important in the World?
Despite surging inflation, war in ukrane concerns of a recession and volatile global currency moves, bit coin is weakening relative to ether. Investment firm bernstein thinks that crypto currencies have become more of an innovation driven and structural trend, rather than a macro economic aset class. In traditional stock markets, the dollar ticked lower as investors considered risks to the global economy. Futures in both the S&P 500 and tech heavy Nasdak 100 were down about two tenths of one per cent at opening on Wednesday. The Dow Jones Industrial Average was also pointing to muted moves but closed up 0.2%.
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