Crypto market stabilizes, but bonds warn of risks
Against the backdrop of the general market recovery after a significant drop early in the week, caused by a sharp jump in oil prices, investors are closely watching the dynamics of US Treasury yields. The rise in government bond yields is putting pressure on market expectations for further easing of the Federal Reserve's monetary policy.
Bitcoin and other cryptocurrencies are also showing signs of stabilization after the sell-off earlier this week. The value of Bitcoin reached a local minimum of around $22,000, but then recovered to levels above $23,000. Experts note that the crypto market, despite its high volatility, is demonstrating greater resilience compared to the stock market.
According to analysts, the key factor determining the further dynamics of both cryptocurrencies and traditional risky assets will be the Fed's stance on monetary policy. The bond market is already signaling a possible refusal by the regulator to further cut rates, which could put pressure on the stock and cryptocurrency markets in the coming months.