Good morning, and welcome to First Mover. I’m Bradley Keoun, here to take you through the latest in crypto markets, news and insights. (Lyllah Ledesma is off.)
The gains came even as traditional markets struggled, with investor fears rising over ongoing efforts by central banks globally to tighten monetary policy – to contain soaring inflation.
Bitcoin's (BTC) price has tumbled 34% this year as Federal Reserve reserve rate increases and balance-sheet shrinkage have reduced excess liquidity in financial markets.
The European Central Bank (ECB), led by President Christine Lagarde, is scheduled to meet Thursday and is expected to convey its own plans for tightening monetary policy. Money markets are pricing in 1.25 percentage points of ECB interest-rate increases over the rest of 2022, according to the German lender Deutsche Bank.
"Many crypto traders are still nervous about one last plunge," Edward Moya, senior market analyst at the foreign-exchange brokerage Oanda, wrote Tuesday.
The...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...