Between credit stress concerns, a hot PPI inflation reading, and tensions between U.S. and Iran, investors have plenty of reasons to stay away from risk assets.
Bitcoin’ rebound cancelled as U.S. stocks fall, gold surges, amid mounting macro risks
Between credit stress concerns, a hot PPI inflation reading, and tensions between U.S. and Iran, investors have plenty of reasons to stay away from risk assets.
Shares:
The decline in ether contributed to the selling pressure on meme coins, as traders often use ETH as a risk gauge for altcoins.
The move came after the state investment board doubled its exposure to spot bitcoin ETFs late last year as markets fell.
Ondo Finance's native token, MANTRA's OM and Chintai's CHEX posted double-digit gains during the crypto rebound, while many altcoins still nursed losses.
Bitcoin reclaimed $107,000 as retail and institutional flows return, with Powell’s rate-cut hints and risk-on sentiment lifting crypto markets.