Will Cryptocurrencies Recover Soon?
Signs of recovery are emerging as panic-induced selling begins to stabilize. November’s PCE data was lower than anticipated, sparking renewed interest at reduced price points. Had this data been released earlier, Powell’s outlook might have been more optimistic.
Key takeaways from the current market scenario include:
U.S. stock markets faced the largest outflow since 2009.
Volatility index hit a historic high, surpassing levels seen in 2007 and 2020.
