Crypto highs, Bullish and the Labour market: 3 Things
00:00 Speaker A
Well, we kick off three things in the world of crypto. Bitcoin hit a record high breaching the $124,000 mark for the first time ever. It has eased back since, as you can see. So what’s behind this latest surge? Not only did it get a lift from the equity rally yesterday, which saw consecutive record highs for the S&P 500 and Nasdaq, but it also got a lift from the fact that there is increasing expectations for easier monetary policy from the Fed. Adding to all of this is that we have a much more crypto-friendly regulatory climate in Washington under the Trump administration. And on top of all of this, there’s been sustained institutional buying. In fact, one analyst at IG believes that if Bitcoin breaches…
