Bitcoin has fallen 6% in the last 30 days, while the Nasdaq and S&P 500 have risen 3.7% and 4%, respectively. 🤔 What's going on with crypto?
There is speculation that Wall Street is pulling money out of Bitcoin ETFs and investing in NVDA, TSMC, and ASML stocks. It is also possible that miners are selling Bitcoin due to rising energy prices.
Goldman Sachs economist Jan Hatzius believes the Fed could cut rates by 25 basis points. This could boost the price of Bitcoin, as it has done in the past when rates were low. 📈