Join Our 2,500,000+ 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.
Harsharn Singh
Investment Associate | Ember Fund
Thank you for reading!
Don't forget to come into the app tomorrow to continue learning about crypto!
Enjoying Ember?
December 27, 2024
Let’s dive into what we’ve achieved this year and what’s on the horizon!
December 17, 2024
BTC’s been going to the moon recently, it’s almost Christmas, so why not celebrate with a HUGE 5,000,000 Sat giveaway? LFG!!
June 20, 2024
Ember partnered with popular gaming platform Roobet.com as a secure & fun method for mining withdrawals! This feature comes with a HUGE set of upgrades to our withdrawal process.