What I cannot understand is how the crypto market is supposed to be looked at in the context of central bank policy. Stocks are businesses, businesses can be understood in the framing of the economy, and inference can be had as it pertains to stocks (and collections of stocks) regarding that particular business and particular central bank levers. BTC and the like do no have these connections, so why does crypto even care? How should I be thinking about this?
What made it pump this time anyway? It’s been weird because I don’t see a lot of buzz. Last big pump had every airport I visit and the Super Bowl plastered with crypto ads. This one has been virtually silent, which is either a very bullish sign or a sign that it’s manipulated and totally hollow.
> The bitcoin price has crashed by over 10% since this time last week<p>Uh, yeah, back to the price of ~2 weeks ago, or just up 23% in the last month...<p><a href="https://youtu.be/XbZ8zDpX2Mg?si=gSs3vJnYUNrcQVr6" rel="nofollow">https://youtu.be/XbZ8zDpX2Mg?si=gSs3vJnYUNrcQVr6</a>