#crypto2023 #BinanceTournament #bitcoin
Cryptocurrencies continue to decouple from equity markets. Investors’ apprehension over interest rate hikes and the potential for a global recession, saw equities experiencing their first losing week in more than a month. The US Federal Reserve and other central banks have recently shifted more dovish, however the Bank of England increased its rate by 50 basis points in an effort to contain inflation. The Fed has repeated its intention to resume raising rates, which could have a detrimental effect on digital assets.
