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Home Market & Analysis

Crypto Market’s Direction During a Recession Might Depend on Nasdaq

04/26/2022
in Market & Analysis
Crypto Market’s Direction During a Recession Might Depend on Nasdaq
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“Bitcoin has actually certain itself to the Nasdaq by way of correlation, and if the Fed retains mountain climbing charges and if the market believes [it is] going to hike charges, recession or not, Nasdaq suffers within the quick time period,” stated Bob Iaccino, chief strategist at Path Buying and selling Companions and co-portfolio supervisor at Inventory Assume Tank. “And if this correlation continues, then crypto suffers, too.”



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