Hey guys,
The US reporting season has started, and one of the main things that now causes volatility in the markets.
Also due to inflation growth the market's expectations on the US Fed rate cut have changed, if earlier the market was expecting the rate cut to start in June, with two subsequent cuts before the end of the year, then at the moment the market expects with 50% probability that the first cut will be no earlier than July, and there will be only one more rate cut before the end of the year. This is definitely negative for risky assets such as cryptocurrency, and it causes investors to reduce their balance of risky assets in their portfolios.
Stay tuned.
