Bitcoin, Ethereum Could Benefit If Stocks Drop After Fed Tightening – Strategist
Contrary to popular belief, the two largest cryptocurrencies bitcoin (BTC) and ethereum (ETH) could benefit from a tightening of monetary policy from the US Federal Reserve (Fed), Mike McGlone has argued in a new note. A...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Contrary to popular belief, the two largest cryptocurrencies bitcoin (BTC) and ethereum (ETH) could benefit from a tightening of monetary policy from the US Federal Reserve (Fed), Mike McGlone has argued in a new note.
According to McGlone, who is the Bloomberg Intelligence’s Senior Commodity Strategist, rising risk assets in 2022 could “embolden” a Fed that is “facing the greatest inflation in four decades.”...
Read More: Bitcoin, Ethereum Could Benefit If Stocks Drop After Fed Tightening – Strategist
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
XStocks tokenized equities hit $186M AUM, with Ethereum’s STRCx leading by market cap
Tokenized equities' growth highlights a shift towards 24/7 trading and DeFi integration, potentially reshaping traditional financi...
Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed
Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned b...
Ethereum exchange balances drop 10% as Bitcoin sees inflow
The shift in crypto exchange balances highlights evolving investor strategies, emphasizing self-custody and staking over tradition...
SEC’s $75M Reg Crypto Plan Could Ignite Token Fundraising on Ethereum, Solana, BNB
Key Takeaways: Regulatory agencies proposed Reg Crypto for clearer guidelines on token fundraising. Grayscale believes there is up...
Hyperliquid, Ethereum, Solana surge over 20% in 24 hours
The surge in these cryptocurrencies highlights growing investor confidence and could signal a bullish trend, impacting broader mar...
Coinbase Launches US500 Perps, Bringing 500 U.S. Stocks Into One Crypto Contract
Key Takeaways: Coinbase has introduced US500 Perps, which enables traders to gain exposure to 500 top U.S. companies. It can be tr...