Therefore, the bounce in both equities and bitcoin could be fleeting. The Fed has raised rates by 300 basis points this year, yet core inflation, which strips out the volatile food and energy component, rose to a 40-year high in September. However, the so-called liquidity tightening has wrecked risk assets, including cryptocurrencies. www.coindesk.com
Therefore, the bounce in both equities and bitcoin could be fleeting. The Fed has raised rates by 300 basis points this year, yet core inflation, which strips out the volatile food and energy component, rose to a 40-year high in September. However, the so-called liquidity tightening has wrecked risk assets, including cryptocurrencies.
www.coindesk.com