Bitcoin & Ether Recover (Charts)
At the time of writing, crypto assets are seeing relief rallies across the board, with Bitcoin climbing back above $78,000 and Ether recovering toward $2,300.
The sharp downturn in crypto prices stemmed from a confluence of macroeconomic and geopolitical factors amplified by low weekend liquidity and leveraged positions. Escalating U.S.-Iran tensions raised fears of broader conflict, prompting investors to offload risk assets, including Bitcoin, which failed as a safe haven.
A surging U.S. dollar, fueled by Kevin Warsh’s nomination for the Federal Reserve Chair role signaling a potential “hard money” policy shift, made dollar-denominated assets more expensive for global buyers and contributed to selloffs in gold, silver, and risk-on…
