5 reasons 2023 will be a tough year for global markets
From inflation to energy shortages and general instability, markets are set for a turbulent year ahead. Those who come bearing warnings are rarely popular. Cassandra didn’t do herself any favors when she told her fellow Trojans to beware of the Greeks and their wooden horse. But, with financial markets facing unprecedented turbulence, it’s important to take a hard look at economic realities.Analysts agree markets face serious headwinds. The International Monetary Fund has forecast that one-third of the world’s economy will be in recession in 2023. Energy is in high demand and short supply,....
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The crypto market has been showing signs of decline recently as prices of Bitcoin and other crypto assets keep dropping. With the hikes in interest rates from most of the global central banks, the global economy is getting tighter. The impact on both the crypto and traditional markets is significantly devastating. Following the events, the International Monetary Fund (IMF) warned about economic decline. Furthermore, it speaks of a possible worse global recession in 2023. This means that financial markets will go risk-off, creating extreme fear for the markets. Related Reading: Here’s Why....
In a recent post on X (formerly Twitter), Ram Ahluwalia, the CEO of Lumida Wealth, weighed in on the potential market impacts on Bitcoin, particularly highlighting the significance of a failed Treasury auction. Lumida Wealth, recognized as an SEC registered investment advisor, is known for its specialization in alternative investments and digital assets. Ahluwalia’s tweet emphasized the need to monitor Bitcoin’s response to specific macroeconomic events. He stated, “The test for Bitcoin as a macro asset will be ‘What happens if there is a failed Treasury auction?’ This....
Bitcoin might hit an all-time high of $210,000 by the end of this year, says a fresh set of predictions by a prominent quantitative trading firm. Head of Research at Presto, Peter Chung, made this sweeping prediction in an interview with CNBC on April 28. Related Reading: XRP Headed For $1,000 – CryptoGuard Exec Drops Bold Prediction Institutional Money And Global Liquidity Drive Bullish Outlook The bullish price target is based on increasing large institution buying of Bitcoin and increasing global cash flow. Chung feels that both of these factors will send Bitcoin’s price higher....
A positive outlook can be tough during the throes of a bear maer. Community is just one important thing that helps get Bitcoiners through tough times.
In October 2023, EUR-denominated weekly spot volume on Binance, a top cryptocurrency exchange, fell to $160 million, an 88% drop from $1.3 billion recorded seven months earlier in March 2023. At this level, EUR trading volume on the besieged exchange is at a three-year low, pointing to how consequential the decision by regulators to crack down on […]