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Gold
One platform for global traditional assets
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Hot
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CandyDrop
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Alpha Points
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March 7 Cryptocurrency Market
The overall trend is still downward, mainly because the risk-reward ratio here is too low. Compared to rebound opportunities, oil, Iran situation, inflation, and strikes are all black swans.
After the surprising non-farm payrolls report in February, the probability of a 25BP rate cut in April only increased by 2 percentage points, completely overshadowed by inflation concerns. U.S. stocks opened lower and continued to decline, while oil and gold surged, and the market has returned to risk-averse sentiment.