The January bursting of a massive speculative bubble to itself seemed to itself a sufficient reason for the general sale of the cryptography market in recent weeks.
The decreases have accelerated significantly this week, however, in part thanks to an increasing risk of risk on the stock market previously Guillerette.
Down more than 2% approximately 45 minutes before the end of the trade Thursday, the NASDAQ is now lower by about 7% compared to the last handle of sessions. Today’s losses are carried out by flea manufacturers following the results report of the fourth quarter of Nvidia (NVDA) last night. The NVDA is 5%lower.
The sale in shares came because many names the main ones were sold to high assessments after what seemed to be uncontrolled months of winnings. Throwing President Trump’s pricing threats in the mixture of pricing threats, the last being punitive samples against Mexico, Canada and China to start on Tuesday – and the scene was set for the current correction.
“Maximum prudence is justified in risk assets,” said Quinn Thompson, founder of the Hedge Fund Lekker Capital. “Inflation data arrives far too hot for the Fed to lower rates in long -term long -term inflation expectations that do not pass the advantages (large red flag) and now American economic data resemble Trump’s bump ” was a dead cat bounce.”
On Crypto in particular, there is no Thompson sucker: “Each good news imaginable came without having a lot of upward pressure on the price,” he said. “Investors have forgotten that bears markets are possible and what they look like.” It aims for $ 70,000 for Bitcoin at the end of March.
