Join Our 800,000+ Community
Bitcoin ended 2021 on a soft note, where the token saw a pullback starting from $57.2K and ending the month at $46.8K, a ~18% pullback. The pullback began after high inflation numbers and changing monetary policy. Over the course of the past 18 months, we have seen excess liquidity in the market buoyed by Fed policy. This led to both a booming stock market and very strong crypto market, with strong capital inflows. But with the change in outlook, tightening liquidity, and an aggressive Fed that will be increasing rates to counter inflation, we have seen a macro pullback in the market, especially from high growth/high risk investments. Bitcoin and crypto may be a play on currency debasement in high inflationary environments, but it has not been able to break the correlation to the broader market.
Investment Associate | Ember Fund
Thank you for reading!
Don't forget to come into the app tomorrow to continue learning about crypto!
March 20, 2023
Two new portfolio tournaments have arrived! Check the roster for more details.
March 17, 2023
This is who the Ember community thinks will win the F1 Saudi Arabian Grand Prix and Barcelona vs Real Madrid match this weekend.
March 15, 2023
Two new portfolio tournaments have arrived! This time, we're bringing sports into the crypto world. Check the roster for more details.