Solana, Ether Lead Gains in Relief Rally, but Traders Say Macroeconomic Concerns Remain
“It’s foolish to forgo the wider macro context in which crypto and finance operate,” one analyst said. Original Source
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Concerns
El Salvador president addresses bear market concerns with Bitcoin hopium
El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives. However,
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First Mover Asia: Traders See Bitcoin Falling to 2017 Levels Amid Ongoing Inflation, Economic Concerns; Cryptos Struggle
The largest digital asset by market cap could dip below $20,000 in the near future and is unlikely to rebound until macroeconomic conditions improve. Original Source
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First Mover Asia: Bitcoin Tumbles Below $27K Amid Ongoing Inflation Concerns
Ether and other major altcoins underperform BTC as investors continue to steer away from riskier assets; is there a case for inflation? Original Source
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BofA Says Crypto Winter, Contagion Risk Concerns Are Overdone
Investors wondering why digital assets are not outperforming traditional ones should be aware that the cryptocurrency ecosystem is an “emerging tech asset class and the tokens that power the ecosystem trade like high growth, speculative risk assets,” analysts led by Alkesh Shah wrote in a May 17 note. Original Source
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New survey sheds light on people’s concerns about investing in crypto
While some people believe in the long-term potential of cryptocurrency, others are hesitant to put money in because of different concerns. A recent study conducted by Coupon Follow found out that the majority of people who haven't invested in cryptocurrency cite worries such as value volatility and restricted applications, environmental
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Voyager Digital Downgraded by Compass Point on Concerns Over Crypto Markets, Retail Investing
Shares of crypto broker Voyager Digital were downgraded to neutral from buy by boutique investment firm Compass Point, which cited headwinds across the crypto industry and which questioned how the trading platform's retail investors will fare during the market rout. Original Source
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Galaxy Digital Investors’ Concerns About LUNA Exposure Are Overblown, Says BTIG
In its recent management discussion and analysis filing for the quarter ending March 31, Galaxy said the largest contributor in the quarter to its $355 million in net realized gains on its digital assets came from sales of LUNA. Galaxy had previously said in its fourth-quarter earnings release that it
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Credibility Concerns — Gallop Poll Shows Fed Chair’s Confidence Ratings Slid by Double Digits – News Bitcoin News
According to a Gallop poll published on May 2, the public’s confidence in America’s current economic leaders has been deteriorating. Confidence in U.S. president Joe Biden managing the U.S. economy has dropped from 57% to 40%, and faith in Federal Reserve chair Jerome Powell has faltered from 55% to 43%.
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Elizabeth Warren Echoes Labor Department Concerns About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans
U.S. Sen. Elizabeth Warren has joined the Department of Labor in expressing concerns about Fidelity Investment's plans to offer bitcoin in its 401(k) retirement plans. Original Source
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