Cryptocurrency market is anticipated to recover in March, as the current panic is expected to be short-lived.
On February 28th, following the release of the PCE data, the price of #bitcoin experienced a rebound, increasing optimism about the macroeconomic situation improving next month.
Julien Bittel, the Director of Global Macro Research at Global Macro Investor, emphasized that the macro environment is showing promising signs for Bitcoin investors. He explained, "When financial conditions tighten, liquidity is reduced, and the economy starts to slow down unexpectedly, the market's 'panic' will be short-lived. This situation is likely to reverse next month. Over the past two months, financial conditions have significantly improved: the US dollar has weakened, bond yields have decreased, and oil prices have fallen. These changes are creating a solid foundation for the recovery of the cryptocurrency market." (Cointelegraph)t.
#cryptocurrency
On February 28th, following the release of the PCE data, the price of #bitcoin experienced a rebound, increasing optimism about the macroeconomic situation improving next month.
Julien Bittel, the Director of Global Macro Research at Global Macro Investor, emphasized that the macro environment is showing promising signs for Bitcoin investors. He explained, "When financial conditions tighten, liquidity is reduced, and the economy starts to slow down unexpectedly, the market's 'panic' will be short-lived. This situation is likely to reverse next month. Over the past two months, financial conditions have significantly improved: the US dollar has weakened, bond yields have decreased, and oil prices have fallen. These changes are creating a solid foundation for the recovery of the cryptocurrency market." (Cointelegraph)t.
#cryptocurrency
8 days ago
