TRR Weekly Meeting Recap: Week of November 21st 2022
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In this week’s discussion, we talked about what we could expect with the Fed’s final decision around rate hikes for 2022. Their minutes released last week hinted at dovish sentiments amongst Fed members, but what does this mean for markets and risk-on assets? Over the last week, Bitcoin has been struggling to regain strength as price continues to hover around the $15k - $16k zone. Naturally, this has dragged the rest of the market down with it, but alt coin prices and valuations are still not as low (relative to Bitcoin) as compared to the past. This begs the question of whether a rotation of capital from alts into BTC and ETH is due, or does this imply a decline in Bitcoin’s dominance amongst crypto as a whole?
TRR Weekly Meeting Recap: Week of November 21st 2022
TRR Weekly Meeting Recap: Week of November…
TRR Weekly Meeting Recap: Week of November 21st 2022
In this week’s discussion, we talked about what we could expect with the Fed’s final decision around rate hikes for 2022. Their minutes released last week hinted at dovish sentiments amongst Fed members, but what does this mean for markets and risk-on assets? Over the last week, Bitcoin has been struggling to regain strength as price continues to hover around the $15k - $16k zone. Naturally, this has dragged the rest of the market down with it, but alt coin prices and valuations are still not as low (relative to Bitcoin) as compared to the past. This begs the question of whether a rotation of capital from alts into BTC and ETH is due, or does this imply a decline in Bitcoin’s dominance amongst crypto as a whole?