Risk assets struggled mightily this week following the Federal Reserve’s interest rate hike, as surging US Treasury yields have dampened risk appetite. Concerns continue to mount over the rate at which the Fed is tightening, with many believing it will eventually cause a recession. These recession fears were compounded Friday by a surging US Dollar, as PMI data and weakness in the Sterling gave the Greenback a strong bid. With the macro environment remaining challenged, Bitcoin and other cryptos look likely to follow the footsteps of mainstream risk assets. Despite the rout Friday across asset classes, Bitcoin and ... (full story)