The Fed is yet to comment but tipped to end the "free money" era since the 2020 COVID crash saw the previous peak in the U.S dollar index (DXY), which decline as Bitcoin led crypto markets to new highs
But now with DTX at incredible highs, crypto is on the receiving end of pain.
As of April 15, 2022, the aggregate number of sales of NFTs recorded on the Ethereum blockchain over 30 days was 22.6 thousand.
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Gold has reversed its direction and dropped below $1,880 after having advanced to $1,890 with the initial reaction to the US jobs data.The 10years US treasury bond yield is sitting at its highest level since November 2018 above 3.1%. forcing gold to lose momentum ahead 0f weekend
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Do you know why Bitcoin price is clinging to $38,000?
BTC is in a lengthy downtrend but 2 key price metrics explain why traders are confident $38,000 level will hold
1)The Bitcoin futures premium is muted
2)Options traders remain in the "fear" zone
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