Since the early days of Bitcoin, the price has typically followed the patterns of the stock market and the price of gold. Are we beginning to see a decoupling?
U.S. equities rallied following the FOMC’s 75 bps hike in interest rates, only to crash as Fed Chair Powell hinted at higher-than-expected terminal rates.
Voyager Digital lent over half of its loan book to Three Arrows Capital and announced major losses due to this exposure. The company’s stock took a massive hit.