Bitcoin forecast: Can the Breakout Hold?
From forex.com
The oil market volatility matters for Bitcoin, although probably not as much as European stocks. Still, elevated oil prices will weigh on importing regions’ economy, which in turn could reduce investments in all sorts of assets including stocks and crypto. This is a particularly important consideration for Europe, where major economies remain heavily dependent on imported energy. We’re already seeing signs of strain: the German DAX, for instance, has struggled to keep pace with Wall Street’s push to fresh highs. Should selling pressure intensify across European equities, it’s not unreasonable to expect some spillover ...
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