Crypto Rotation and the Fed’s Balancing Act
For this week’s Trading Take, Beimnet Abebe (Galaxy Trading) joins Alex Thorn (Galaxy Research) to analyze the latest market shifts, including Bitcoin’s flat performance year-to-date and Ether’s surge in attention and inflows. They discuss whether this represents a lasting change in investor preference or just the latest turn in the cycle.
They also unpack the Fed’s Jackson Hole messaging, where an emphasis on the labor market may signal reduced focus on the 2% inflation target. Beimnet highlights why this shift could prove problematic if inflation pressures persist, but notes that strong capex, fiscal spending, and job creation may keep risk assets buoyant in the meantime.
