The top headline in the global financial circle this weekend belongs to the Venezuela situation! Interestingly, in the global markets, only cryptocurrencies are fluctuating in real-time — since the relevant news broke, Bitcoin has surged over 2000 dollars! The market is voting with its feet, clearly signaling a “bullish” outlook. Why is it considered bullish? On one hand, the rapid easing of geopolitical conflicts is naturally the most welcomed scenario for the market. Uncertainty dissipates, and funds are willing to enter the market to push prices higher. On the other hand, the easing of tensions directly impacts oil price expectations, which are likely to face downward pressure later. This is undoubtedly a strong boost for combating inflation, further fueling risk assets. Will the stock market open tomorrow in sync with the crypto rhythm? Let’s wait and see! #$BTC
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The top headline in the global financial circle this weekend belongs to the Venezuela situation! Interestingly, in the global markets, only cryptocurrencies are fluctuating in real-time — since the relevant news broke, Bitcoin has surged over 2000 dollars! The market is voting with its feet, clearly signaling a “bullish” outlook. Why is it considered bullish? On one hand, the rapid easing of geopolitical conflicts is naturally the most welcomed scenario for the market. Uncertainty dissipates, and funds are willing to enter the market to push prices higher. On the other hand, the easing of tensions directly impacts oil price expectations, which are likely to face downward pressure later. This is undoubtedly a strong boost for combating inflation, further fueling risk assets. Will the stock market open tomorrow in sync with the crypto rhythm? Let’s wait and see! #$BTC